La vendita allo scoperto per GameStop dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di GameStop. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

GameStop (NYSE:GME) Azioni, Report sulle vendite allo scoperto

GameStop

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. The company sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States. The company categorizes its products in three categories: Hardware and accessories, Software, and Collectibles. The company generates the majority of its revenue from the sale of Hardware and accessories products.

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Una mossa finanziaria da 1,75 miliardi di dollari ha innescato un pesante crollo pre-market per la nota meme stock. Cosa c&#39;è dietro.

Perché le azioni di questo colosso dei videogame stanno crollando?

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Una criptovaluta che porta il nome di GameStop Corp. (NYSE:GME) ha registrato guadagni a tre cifre mercoledì, dopo che il rivenditore di videogiochi ha annunciato l’intenzione di raccogliere oltre un miliardo di dollari a scopo di investimento.

Ecco cosa c&#39;è dietro al rally (+532%) di questa nuova meme coin

New ETFs

ETFs

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

COIN

ETHW

Bitwise Funds Trust Bitwise GME Option Income Strategy ETF

IGME

MSTR

Sfruttare la volatilità della più nota meme stock per un flusso di reddito. Un nuovo strumento finanziario lo rende ora possibile.

Ecco come guadagnare con le azioni GME senza &#34;mal di testa&#34;

GameStop Corp

Globus Medical, Inc. Class A Common Stock

Globus Medical Inc

GAMEE

GME GROUP HLDGS LTD by GME GROUP HLDGS LTD.

Gambit Energy Inc

GOME ELEC APP HLDG ORD by GOME Retail Holdings Limited

GOME Retail Holdings Ltd

Good Gaming Inc

VanEck Green Metals ETF

GAMEON ENTMT TECHNOLOGIES by GameOn Entertainment Technologies Inc.

GameOn Entertainment Technologies Inc

ETF Opp Tr T-REX 2X Long GME Daily Target ETF

GME INNOTAINMENT INC by GME Innotainment, Inc.

GME Innotainment Inc

As a new GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) ETF has made its debut, retail traders and investors have raised alarms about market distortion and potential misuse by institutional players.
What Happened: Platforms such as Reddit and X are abuzz with concerns regarding a new ETF being created to track GameStop, which is set to make its debut on the bourses on Tuesday.
The fund, created by the Bitwise Funds Trust, will trade under the ticker $IGME, and according <a href="https://www.sec.gov/Archives/edgar/data/1928561/000121390025052046/ea0244774-02_497k.htm">to</a> SEC filings, it will not track GameStop through direct share ownership, but rather via derivatives.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45832509/cathie-wood-warned-about-trump-musk-clash-long-before-it-exploded-now-says-the-feud-exposes-just-how-dependent-elons-empire-is-on-the-us-government">Cathie Wood Warned About Trump-Musk Clash Long Before It Exploded — Now Says The Feud Exposes Just How Dependent Elon&#8217;s Empire Is On The US Government</a>
This raises concerns of potential misuse, as it deals with a &#8220;meme&#8221; stock that has been at the center of the infamous tussle between retail traders and Wall Street bigwigs. According to the fund's prospectus, the strategy involves options-based exposure via covered calls, rather than holding GME shares outright.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">June 9, 2025: Another <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> ETF ( <a href="https://twitter.com/search?q=%24IGME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IGME</a> ) coming on-line tomorrow. Note: It is an ETF that will only have exposure to <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> via Calls &amp; Puts. No shares involved. &quot;The covered call strategy utilized by the Fund is "synthetic" because the Fund's exposure to the price return of GME… <a href="https://t.co/LqkVr5dEXA">pic.twitter.com/LqkVr5dEXA</a>
&mdash; DirtΞvader (@EvaderDirt) <a href="https://twitter.com/EvaderDirt/status/1931799944052035958?ref_src=twsrc%5Etfw">June 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;Because such exposure is synthetic, it is possible that the Fund's participation in the price return of GME may not be as precise as if the Fund were directly holding shares,&#8221; Bitwise mentions <a href="https://www.sec.gov/Archives/edgar/data/1928561/000121390025052046/ea0244774-02_497k.htm">in</a> its summary prospectus filed with the SEC. 
Retail traders on social media have questioned whether such ETFs are tools for circumventing share-based accountability, especially as borrow fees for GME spike and failures-to-deliver (FTDs) remain elevated.
&#x2A;Borrow Fees &#8211; This refers to the fee that short-sellers pay when borrowing securities, which they then sell to take a position against a particular stock. The fee for this varies depending on the short interest in a stock, and in the case of GameStop, it is now at 0.3506% <a href="https://companiesmarketcap.com/gamestop/cost-to-borrow/">on</a> Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), having reached as high as 110% in May 2022.
&#x2A;Failures-To-Deliver &#8211; This occurs when someone buys or sells a stock, but the actual shares don't show up on time to complete the trade. FTDs commonly occur due to &#8220;naked short-selling,&#8221; a practice in which short-sellers don&#8217;t actually borrow shares before selling them, thus flooding the market with synthetic supply.
This comes just months following the debut of T-Rex 2X Long GME Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/GMEU#BATS">GMEU</a>), another fund that began with 10,000 shares of Gamestop, before swapping to a derivatives-based approach, likely a Total Return Swap.
Retail traders and investors, however, believe that these instruments are made to serve Wall Street more than Main Street. &#8220;I can't help but wonder if the real reason that this instrument was made was for creation and redemption misuse by Authorized Participants,&#8221; said @sboho on X.
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">over the years, <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> investors have been very acute at observing when something seems off. today&#39;s launch of <a href="https://twitter.com/search?q=%24GMEU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GMEU</a> is no different. and what a joke <a href="https://twitter.com/search?q=%24GMEU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GMEU</a> is. let&#39;s have a look: marketed as a 2x long ETF, I can&#39;t help but wonder if the real reason that this instrument was made… <a href="https://t.co/Ym7iJAB67I">pic.twitter.com/Ym7iJAB67I</a>
&mdash; jake2b (@sboho) <a href="https://twitter.com/sboho/status/1915446964097081497?ref_src=twsrc%5Etfw">April 24, 2025</a></blockquote>
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</figure>
According <a href="https://jacobslevycenter.wharton.upenn.edu/wp-content/uploads/2018/08/ETF-Short-Interest-and-Failures-to-Deliver.pdf">to</a> a paper by Richard B. Evans of the University of Virginia, these concerns by retail investors aren&#8217;t entirely unfounded, since ETFs are responsible for nearly 78% of FTDs in U.S. equities. 
The paper also identifies how Authorized Participants routinely engage in &#8220;operational shorting,&#8221; which refers to intentionally delaying ETF share creation or delivery, which, while used for certain arbitrage strategies, is ripe for misuse. 
Bitwise has responded to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for a comment, stating that &#8220;asset managers are prohibited from commenting on prospective ETF launches in the time between filing and launch,&#8221; and hence, they have no comment to add regarding this.
Why It Matters: Several leading analysts and market experts have since echoed similar views, with investment manager James Chanos of Kynikos Associates sarcastically referring to single-stock ETFs, calling their &#8220;high fees and reset risks&#8221; as &#8220;financial innovation at its best.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Single-stock leveraged ETF's with high fees and reset risk. Financial innovation at its best.
&mdash; James Chanos (@RealJimChanos) <a href="https://twitter.com/RealJimChanos/status/1876323830559621579?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
A few years back, Dave Lauer of Urvin Finance <a href="https://x.com/dlauer/status/1547270646165561345">said</a>, &#8220;add leveraged and inverse single-stock ETFs (!) to the steaming pile of trash,&#8221; arguing that &#8220;investor protection seems to be an afterthought&#8221; with the Securities and Exchange Commission approving such products.
GameStop is set to release its <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45801125/gamestop-shares-are-volatile-ahead-of-earnings-amid-switch-2-buzz">first quarter earnings</a> on Tuesday, with analysts expecting $0.04 per share in earnings, compared to a loss of $0.12 in the prior quarter. Revenues are forecasted at $754.23 million, down from $881.8 million in the previous quarter.
Price Action: GameStop shares were down nearly 13% in pre-market trading on Thursday, trading at $24.90.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="958" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12065153/image-181.png" alt="" class="wp-image-947441" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12065153/image-181.png 958w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12065153/image-181-300x46.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12065153/image-181-768x118.png 768w" sizes="(max-width: 958px) 100vw, 958px" /></a></figure>
The stock currently has an unfavorable price trend in the short, medium and long term. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights.
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/06/45818496/broadcoms-quiet-war-on-nvidia-ceo-touts-custom-ai-chips-ethernet-over-nvlink-no-reason-to-create-a-new-standard">Ken Griffin Slams Trump For Chasing Tax Cuts And Low-Wage Manufacturing, Questions Push Toward &#8216;Lowest Paid Workforce In The World&#8217;</a></li>
</ul>
Photo courtesy: Lyonstock / Shutterstock.com

Entertainment

Short Sellers

GMEU

IBKR

New GameStop ETF IGME Raises Eyebrows Amid Surge In Borrow Fees, Settlement Failures: Are ETFs Being Weaponized Against Retail Traders?

GameStop's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock took a sharp hit on Thursday, falling 22% to $22.12 by midday Eastern Time, following the announcement that it plans to issue $1.75 billion in <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45888497/bitcoin-probably-wont-fix-gamestops-troubles">convertible senior notes</a>.
What Happened: The notes, which won't carry regular interest, are aimed at "general corporate purposes," <a href="https://news.gamestop.com/news-releases/news-details/2025/GameStop-Announces-Proposed-Private-Offering-of-1-75-Billion-of-Convertible-Senior-Notes/default.aspx">according</a> to the company's blog post.
While GameStop didn't explicitly mention Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in the announcement, the phrasing referenced potential investments "consistent with its investment policy" language similar to what the company used earlier this year when it updated its policy to allow for crypto assets.
The company previously disclosed in late May that it had acquired 4,710 Bitcoin, though the announcement offered little detail. 
It gave no information on average purchase price or how much cash was deployed, deviating from the transparency typically seen in corporate Bitcoin disclosures. 
That minimal communication has left analysts and investors guessing about the scope and intent of its crypto involvement.
CEO Ryan Cohen has remained tight-lipped on the firm's future Bitcoin plans, stating in a recent interview that GameStop would not follow the playbook of other crypto-invested firms. 
Despite posing for a photo earlier this year with Michael Saylor, the Executive Chairman of Bitcoin-heavy Strategy, Cohen insisted the company is pursuing its own path.
Still, the structure of GameStop's latest fundraising mirrors that of Strategy's well-known approach: raising capital through convertible debt to buy Bitcoin. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45910391/over-30-of-bitcoin-supply-controlled-by-centralized-entities-report">Over 30% Of Bitcoin Supply Controlled By Centralized Entities: Report</a>
What Experts Are Saying: That similarity has drawn comparisons and criticism from observers who believe GameStop may be chasing short-term investor hype rather than addressing deeper operational challenges.
Speaking with Benzinga, Tom Bruni, Vice President of Community at Stocktwits, noted that retail traders remain enthusiastic about Bitcoin, but are losing interest in companies trying to mimic direct exposure. 
"The underperformance of Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) relative to Bitcoin and the lackluster response to copycats like GameStop raising funds to buy Bitcoin is indicative of that," Bruni said.
He added that Bitcoin ETFs and regulated financial products have given investors cleaner, more transparent routes to crypto exposure. 
"Although these companies can gain short-term fanfare from this financial engineering tactic, once the conversation returns to business fundamentals, much of those gains (and often more) are given back," Bruni explained.
In GameStop's case, the issue may run deeper than market sentiment. 
Bruni argues that the company's continued use of high-profile financial maneuvers, rather than focusing on its declining revenue and stagnating retail operations, reflects a lack of strategic direction under Cohen's leadership. 
"For the company to make its core operations profitable, a clear plan to drive revenue growth is necessary," Bruni said. "Instead, Ryan Cohen and his team are taking the easy way out."
While Stocktwits data shows a rise in ‘bullish' sentiment toward GameStop amid the selloff, Bruni noted that many traders view it as a short-term technical setup rather than renewed confidence in the business model.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45904219/bitcoin-gold-stocks-is-the-best-portfolio-to-fight-inflation-billionaire-paul-tudor-jones-says">Bitcoin, Gold, Stocks Is The Best Portfolio To Fight Inflation, Billionaire Paul Tudor Jones Says</a></li>
</ul>
Image: Shutterstock

GameStop's Bitcoin Strategy Draws Skepticism Amid $1.75B Debt Offering

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/13/25</td>
<td>$325.00</td>
<td>$55.4K</td>
<td>21.2K</td>
<td>77.5K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$15.00</td>
<td>$25.2K</td>
<td>28.2K</td>
<td>9.2K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$27.00</td>
<td>$27.6K</td>
<td>324</td>
<td>5.5K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$210.00</td>
<td>$90.3K</td>
<td>39.5K</td>
<td>3.2K</td>
</tr>
<tr>
<td>DHI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$145.00</td>
<td>$38.4K</td>
<td>353</td>
<td>700</td>
</tr>
<tr>
<td>CMG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$55.00</td>
<td>$51.5K</td>
<td>1.4K</td>
<td>654</td>
</tr>
<tr>
<td>DKNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$38.00</td>
<td>$29.6K</td>
<td>5.3K</td>
<td>452</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$300.00</td>
<td>$92.4K</td>
<td>463</td>
<td>235</td>
</tr>
<tr>
<td>CAVA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/13/25</td>
<td>$74.00</td>
<td>$39.0K</td>
<td>4</td>
<td>204</td>
</tr>
<tr>
<td>LI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$32.00</td>
<td>$32.0K</td>
<td>451</td>
<td>203</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on June 13, 2025. Parties traded 111 contract(s) at a $325.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $55.4K, with a price of $498.0 per contract. There were 21273 open contracts at this strike prior to today, and today 77521 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option trade that happens to be bullish, expiring in 64 day(s) on August 15, 2025. This event was a transfer of 200 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $25.2K, with a price of $126.0 per contract. There were 28291 open contracts at this strike prior to today, and today 9209 contract(s) were bought and sold. 
• For GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we notice a put option trade that happens to be neutral, expiring in 582 day(s) on January 15, 2027. This event was a transfer of 25 contract(s) at a $27.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $1107.0 per contract. There were 324 open contracts at this strike prior to today, and today 5517 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on June 20, 2025. This event was a transfer of 179 contract(s) at a $210.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $90.3K, with a price of $505.0 per contract. There were 39517 open contracts at this strike prior to today, and today 3264 contract(s) were bought and sold. 
• For DHI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), we notice a call option sweep that happens to be bearish, expiring in 99 day(s) on September 19, 2025. This event was a transfer of 120 contract(s) at a $145.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $38.4K, with a price of $320.0 per contract. There were 353 open contracts at this strike prior to today, and today 700 contract(s) were bought and sold. 
• For CMG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), we notice a put option sweep that happens to be bullish, expiring in 64 day(s) on August 15, 2025. This event was a transfer of 100 contract(s) at a $55.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $51.5K, with a price of $515.0 per contract. There were 1415 open contracts at this strike prior to today, and today 654 contract(s) were bought and sold. 
• For DKNG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), we notice a call option sweep that happens to be bullish, expiring in 8 day(s) on June 20, 2025. This event was a transfer of 353 contract(s) at a $38.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $84.0 per contract. There were 5384 open contracts at this strike prior to today, and today 452 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a put option trade with bearish sentiment. It expires in 218 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $92.4K, with a price of $4620.0 per contract. There were 463 open contracts at this strike prior to today, and today 235 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on June 13, 2025. Parties traded 100 contract(s) at a $74.00 strike. The total cost received by the writing party (or parties) was $39.0K, with a price of $390.0 per contract. There were 4 open contracts at this strike prior to today, and today 204 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a call option trade that happens to be bullish, expiring in 190 day(s) on December 19, 2025. This event was a transfer of 100 contract(s) at a $32.00 strike. The total cost received by the writing party (or parties) was $32.0K, with a price of $320.0 per contract. There were 451 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

CAVA

CVNA

DKNG

RIVN

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

<h3>Gainers</h3>
<ul>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock increased by 75.3% to $0.01 during Thursday's regular session. The market value of their outstanding shares is at $13.7 million. </li>
<li>SRM Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRM#NASDAQ">SRM</a>) shares increased by 23.56% to $1.07. The market value of their outstanding shares is at $18.5 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock increased by 17.7% to $1.13. The company's market cap stands at $16.4 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) stock rose 17.32% to $1.22. The company's market cap stands at $30.7 million. </li>
<li>Masterbeef (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MB#NASDAQ">MB</a>) stock rose 10.29% to $7.12. The company's market cap stands at $121.1 million. </li>
<li>Aureus Greenway Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGH#NASDAQ">AGH</a>) shares increased by 10.21% to $0.7. The market value of their outstanding shares is at $9.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock fell 34.8% to $0.33 during Thursday's regular session. The market value of their outstanding shares is at $1.3 million. </li>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) stock decreased by 31.75% to $3.27. The market value of their outstanding shares is at $2.6 million. </li>
<li>INNEOVA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INEO#NASDAQ">INEO</a>) stock decreased by 24.16% to $1.35. The company's market cap stands at $13.3 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares declined by 23.72% to $21.78. The market value of their outstanding shares is at $9.7 billion. As per the news, the Q1 earnings report came out 2 days ago. </li>
<li>Jianzhi Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZ#NASDAQ">JZ</a>) shares declined by 17.36% to $0.32. The market value of their outstanding shares is at $9.0 million. </li>
<li>Lovesac (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOVE#NASDAQ">LOVE</a>) stock declined by 15.5% to $17.32. The market value of their outstanding shares is at $257.1 million. The company's, Q1 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GNLN

INEO

JFBR

LOVE

MULN

Connexa Sports Technologies Inc. - Common Stock

YYAI

ZCMD

12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

Wall Street traded cautiously on Thursday midday, with major indexes mostly flat while the U.S. dollar slumped to over two-year lows, as investors digested a double dose of soft inflation and a surprise uptick in jobless claims that further bolstered expectations <a href="https://www.benzinga.com/topic/interest-rates">for interest rate cuts.</a>
May's Producer Price Index rose just 0.1% from the prior month, undershooting forecasts of 0.2%, while the annual rate held steady at 2.6%. Core PPI, which excludes food and energy, cooled to 3.0% year-over-year—its lowest since August 2024—and gained only 0.1% on the month, missing the 0.3% projection.
Jobless claims added to the cautious mood. Initial claims climbed to 248,000 last week, above the 240,000 estimate, while continuing claims hit 1.956 million—the highest level since November 2021—suggesting weakening labor demand. 
<h3 class="wp-block-heading">Trump Pressures Powell, Again</h3>
President Donald Trump renewed pressure on Federal Reserve Chair Jerome Powell to cut interest rates.
Speaking from the White House, Trump said he told Powell "we don't need to keep interest rates this high" and added that he "may have to force something," hinting at political frustration over tight monetary policy.
The S&amp;P 500 inched 0.2% higher to 6,035 points by midday trading in New York. The tech-heavy Nasdaq 100 also rose 0.2% to 21,900 points. 
Blue-chip stocks, tracked by the Dow Jones Industrial Average, were flat at 42,860, while small-cap shares fell 0.5%.
The U.S. dollar index — tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) — fell 0.6% to 97.60, hitting its weakest level since March 2022 amid broad disinflation and labor market concerns.
Treasury yields declined across the curve, with 5- to 6-basis-point drops. In response, the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) surged nearly 1%.
Gold prices climbed sharply as the dollar weakened and expectations grew for easier Fed policy. The yellow metal rose 1% to $3,390 per ounce, while silver erased early losses to gain 0.2%, reaching $36.30.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), meanwhile, slipped 1.3% to $107,400. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,905.42</td>
<td>+0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,036.89</td>
<td>+0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,864.84</td>
<td>0.0%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,137.55</td>
<td>-0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:00 p.m. ET</figcaption></figure>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) rallied by 14.4% in reaction to stronger-than-expected earnings and upbeat guidance. Shares eye the strongest 1-day surge since December 2021. </li>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) fell 5% after a fatal crash involving a 787-8 Dreamliner in India resulted in 240 deaths. </li>
<li>Shares of United Airlines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) fell 3.5%, 2.4% and 1.9% in reaction to the tragic event.</li>
<li>Fortrea Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTRE#NASDAQ">FTRE</a>) surged 14% Thursday after the company announced the adoption of a shareholder rights plan designed to prevent hostile takeovers and protect investor interests.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) sunk 20% after announcing late Wednesday that it intends to raise $1.75 billion through the sale of convertible senior notes maturing in 2032. </li>
</ul>
Now Read:
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<li><a href="https://www.benzinga.com/markets/economic-data/25/06/45906982/dollar-hits-27-month-lows-the-fed-should-cut-next-week-economist-says">Economists Send Urgent Warning After Dollar Hits 2 Year Low </a></li>
</ul>
Image: Shutterstock

Equities

Large Cap

Macro Economic Events

Econ #s

Economics

FTRE

ORCL

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

Stocks Flat, Dollar Sinks To Over 2-Year Lows After Inflation Data: What's Driving Markets Thursday?

<a href="https://www.bloomberg.com/news/articles/2025-06-12/gamestop-ceo-cohen-says-company-s-future-is-in-trading-cards?embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-06-12/gamestop-ceo-cohen-says-company-s-future-is-in-trading-cards?embedded-checkout=true</a>

General

'GameStop's Future Is in Trading Cards, CEO Says'- Bloomberg

Shares of GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) are falling Thursday after the company announced plans for <a href="https://www.benzinga.com/crypto/25/06/45897204/gamestop-themed-crypto-skyrockets-over-500-after-retailer-announces-1-75-billion-investment-plan">a private offering</a>.
What To Know:&nbsp;GameStop said it intends to offer $1.75 billion of 0.00% Convertible Senior Notes due 2032 to institutional buyers. The company also plans to grant the initial purchasers a 13-day window to buy up to an additional $250 million of the notes.
GameStop expects to use the net proceeds to make investments aligned with its investment policy, as well as for potential acquisitions. GameStop recently announced that its board unanimously approved an update to its investment strategy to add&nbsp;Bitcoin&nbsp;as a treasury reserve asset.
The proposed private offering comes on the heels of the company&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/06/45872536/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin" target="_blank" rel="noreferrer noopener">first-quarter results</a>. GameStop reported mixed results for the first quarter with revenue of $732.4 million, below analyst&nbsp;<a href="https://www.benzinga.com/quote/GME/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $754.24 million, and adjusted earnings per share coming in at 17 cents, above estimates of four cents.
The company ended the quarter with approximately $6.4 billion in cash, cash equivalents, and marketable securities, but disclosed that it used cash to purchase 4,710 Bitcoin after the quarter closed.
Wedbush analyst Michael Pachter reiterated coverage on GameStop with an <a href="https://www.benzinga.com/analyst-stock-ratings" target="_blank" rel="noreferrer noopener">Underperform rating</a> and price target of $13.50 earlier this week. The analyst expects to see continued declines in the company's core business, and noted that the company&#8217;s Bitcoin strategy won&#8217;t be enough to turn things around.
&#8220;It is difficult to understand why any investor would be willing to pay more than 2x cash value for the possibility of GameStop converting more of its cash into Bitcoin, especially since these investors could invest in Bitcoin or a Bitcoin ETF themselves,&#8221; Pachter <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45888497/bitcoin-probably-wont-fix-gamestops-troubles">said</a>. 
GME Price Action:  <a href="http://benzinga.com/quote/gme" target="_blank" rel="noreferrer noopener">GameStop shares</a> were down 19% at $23.14 at the time of publication Thursday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. 
Read Next:
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45886659/bitcoins-first-resistance-after-new-highs-is-115400-glassnode">Bitcoin&#8217;s First Resistance After New Highs Is $115,400: Glassnode</a></li>
</ul>
Photo: Lyonstock/Shutterstock.

GameStop Stock Is Facing Selling Pressure Thursday: What's Going On?

Deep-pocketed investors have adopted a bearish approach towards GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in GME usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 33 extraordinary options activities for GameStop. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 24% leaning bullish and 63% bearish. Among these notable options, 22 are puts, totaling $1,099,279, and 11 are calls, amounting to $865,907.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $30.0 for GameStop, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for GameStop options trades today is 3462.67 with a total volume of 50,403.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for GameStop's big money trades within a strike price range of $10.0 to $30.0 over the last 30 days.
<h3>GameStop 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1749736952_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.4</td>
<td>$1.32</td>
<td>$1.41</td>
<td>$23.00</td>
<td>$251.8K</td>
<td>1.9K</td>
<td>3.6K</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/03/25</td>
<td>$1.16</td>
<td>$0.78</td>
<td>$0.78</td>
<td>$25.00</td>
<td>$162.4K</td>
<td>74</td>
<td>2.2K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/13/25</td>
<td>$3.85</td>
<td>$3.45</td>
<td>$3.56</td>
<td>$27.00</td>
<td>$132.6K</td>
<td>4.2K</td>
<td>254</td>
</tr>
<tr>
<td>GME</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$1.39</td>
<td>$1.31</td>
<td>$1.38</td>
<td>$23.00</td>
<td>$105.3K</td>
<td>1.9K</td>
<td>4.8K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/13/25</td>
<td>$6.65</td>
<td>$6.55</td>
<td>$6.65</td>
<td>$30.00</td>
<td>$79.8K</td>
<td>6.4K</td>
<td>166</td>
</tr>
</tbody>
</table>

<h3>About GameStop</h3>
GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. The company sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States. The company categorizes its products in three categories: Hardware and accessories, Software, and Collectibles. The company generates the majority of its revenue from the sale of Hardware and accessories products.
<h3>Where Is GameStop Standing Right Now?</h3>
<ul>
<li>With a volume of 21,120,584, the price of GME is down -17.41% at $23.58. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 89 days.</li>
</ul>
<h3>Professional Analyst Ratings for GameStop</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $13.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wedbush has revised its rating downward to Underperform, adjusting the price target to $13. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for GameStop, <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> gives you real-time options trades alerts.

What the Options Market Tells Us About GameStop

U.S. stock futures were lower this morning, with the Dow futures falling more than 250 points on Thursday.
Shares of Oxford Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) fell sharply in today's pre-market trading as the company reported in-line earnings for the first quarter and issued second-quarter earnings guidance below estimates. Also, the company <a href="https://www.benzinga.com/analyst-stock-ratings/price-target/25/06/45877826/oxford-industries-likely-to-report-lower-q1-earnings-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">lowered its FY25 guidance.</a>
Oxford Industries posted adjusted EPS of $1.82, in-line with estimates. The company's quarterly sales came in at $392.86 million versus expectations of $384.77 million.
Oxford Industries shares dipped 10.1% to $44.99 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) dipped 17% to $31.32 in pre-market trading. Tonix Pharmaceuticals may sell up to $150 million in common stock.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell 12.4% to $24.97 in pre-market trading after the company announced a $1.75 billion proposed private offering of convertible senior notes.</li>
<li>Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) dipped 11.1% to $52.94 in pre-market trading.</li>
<li>Yiren Digital Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YRD#NYSE">YRD</a>) declined 10.1% to $6.69 in pre-market trading.</li>
<li>QuantaSing Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) fell 9.9% to $10.87 in pre-market trading.</li>
<li>DeFi Development Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFDV#NASDAQ">DFDV</a>) dipped 8.6% to $24.00 in pre-market trading.</li>
<li>The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) fell 7.4% to $198.10 in pre-market trading. An Air India Boeing 787-8 Dreamliner by Boeing crashed on Thursday near the India's Ahmedabad airport, with 242 passengers on board. The flight was en route to London Gatwick from Ahmedabad.</li>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) fell 4.4% to $234.57 in pre-market trading.</li>
</ul>
Now Read This: 
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</ul>
Photo via Shutterstock

Pre-Market Outlook

DFDV

KARO

TNXP

Oxford Industries, GameStop, Boeing And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares moved upwards by 64.9% to $0.01 during Thursday's pre-market session. The market value of their outstanding shares is at $12.9 million. </li>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) shares moved upwards by 16.34% to $1.21. The company's market cap stands at $30.5 million. </li>
<li>QVC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QVCGA#NASDAQ">QVCGA</a>) stock moved upwards by 10.96% to $3.44. The market value of their outstanding shares is at $27.7 million. </li>
<li>Newegg Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) shares increased by 9.61% to $11.74. The market value of their outstanding shares is at $228.6 million. </li>
<li>Jerash Holdings (US) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JRSH#NASDAQ">JRSH</a>) stock increased by 7.3% to $3.38. The market value of their outstanding shares is at $41.5 million. </li>
<li>Solid Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDP#NASDAQ">SLDP</a>) stock moved upwards by 7.21% to $2.0. The company's market cap stands at $359.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>INNEOVA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INEO#NASDAQ">INEO</a>) stock fell 18.5% to $1.45 during Thursday's pre-market session. The market value of their outstanding shares is at $14.3 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares declined by 16.08% to $23.96. The company's market cap stands at $10.7 billion. The company's, Q1 earnings came out 2 days ago. </li>
<li>FAT Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAT#NASDAQ">FAT</a>) shares declined by 10.57% to $2.37. The market value of their outstanding shares is at $42.2 million. </li>
<li>Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) shares declined by 9.06% to $45.5. The company's market cap stands at $714.3 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Koss (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) stock fell 8.63% to $5.06. The market value of their outstanding shares is at $47.4 million. </li>
<li>QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) shares declined by 8.38% to $11.05. The company's market cap stands at $564.7 million. As per the news, the Q3 earnings report came out 4 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JRSH

KOSS

NEGG

QVCGA

SLDP

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

WIIM

GameStop shares are trading lower after the company announced a $1.75 billion proposed private offering of convertible senior notes.

Shares of Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) rose sharply in today's pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued upbeat <a href="https://www.benzinga.com/quote/ORCL">outlook commentary</a>.
The company reported fourth-quarter revenue of $15.9 billion, beating analyst estimates of $15.58 billion. The company reported fourth-quarter adjusted earnings of $1.70 per share, beating analyst estimates of $1.64 per share, according to Benzinga Pro.
Oracle shares jumped 7.6% to $189.99 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Healthcare Triangle, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCTI#NASDAQ">HCTI</a>) surged 141.3% to $0.0222 in pre-market trading after gaining 28% on Wednesday.</li>
<li>Greenlane Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares jumped 78% to $0.0137 in pre-market trading after adding 8% on Wednesday.</li>
<li>Creative Global Technology Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTL#NASDAQ">CGTL</a>) jumped 73.4% to $1.60 in pre-market trading.</li>
<li>Graphjet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTI#NASDAQ">GTI</a>) gained 26.6% to $0.0814 in pre-market trading. Graphjet Technology, on June 11, submitted appeal to the Nasdaq Requesting hearing before Hearings Panel.</li>
<li>Zhongchao Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) climbed 24.1% to $1.29 in pre-market trading after dipping 22% on Wednesday.</li>
<li>Houston American Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUSA#NYSE">HUSA</a>) rose 22.2% to $6.65 in pre-market trading after jumping 24% on Wednesday.</li>
<li>Liminatus Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIMN#NASDAQ">LIMN</a>) rose 21.8% to $13.53 in pre-market trading after dipping 50% on Wednesday.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) surged 14.7% to $18.70 in pre-market trading after the company announced the first volume shipment of data center transceivers to a hyperscale customer.</li>
<li>Solid Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDP#NASDAQ">SLDP</a>) gained 13.4% to $2.12 in pre-market trading after jumping 15% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul class="wp-block-list">
<li>Intensity Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTS#NASDAQ">INTS</a>) shares tumbled 47.7% to $0.3020 in pre-market trading after the company announced a proposed public offering.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) dipped 42.5% to $0.6397 in pre-market trading. Helius Medical Technologies shares gained 31% on Wednesday after the company announced an authorized claim for payment for the PoNS Device from Aetna Healthcare.</li>
<li>Catheter Precision, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTAK#NASDAQ">VTAK</a>) shares fell 30.2% to $0.4223 in pre-market trading after jumping 165% on Wednesday.</li>
<li>Jupiter Neurosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JUNS#NASDAQ">JUNS</a>) declined 19.6% to $1.60 in pre-market trading after jumping 106% on Wednesday.</li>
<li>Hycroft Mining Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYMC#NASDAQ">HYMC</a>) declined 19.5% to $3.43 in pre-market trading after the company announced a $40 million public offering of units.</li>
<li>Distoken Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIST#NASDAQ">DIST</a>) fell 18.8% to $16.00 in pre-market trading after jumping 64% on Wednesday.</li>
<li>Tonix Pharmaceuticals Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNXP#NASDAQ">TNXP</a>) dipped 17% to $31.32 in pre-market trading. Tonix Pharmaceuticals may sell up to $150 million in common stock.</li>
<li>707 Cayman Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JEM#NASDAQ">JEM</a>) declined 17% to $5.76 in pre-market trading after jumping 73% on Wednesday.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell 12.4% to $24.97 in pre-market trading after the company announced a $1.75 billion proposed private offering of convertible senior notes.</li>
<li>Oxford Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) fell 10.1% to $44.99 in pre-market trading. Oxford Industries reported in-line earnings for the first quarter and issued second-quarter earnings guidance below estimates.</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/06/45882911/top-2-consumer-stocks-that-may-plunge-in-june">Top 2 Consumer Stocks That May Plunge In June</a> </li>
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Photo via Shutterstock

AAOI

CGTL

DIST

HCTI

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HUSA

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

INTS

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LIMN

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Why Oracle Shares Are Trading Higher By Around 8%; Here Are 20 Stocks Moving Premarket

A cryptocurrency named after GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) blasted to triple-digit gains Wednesday after the video game retailer announced plans to raise over a billion dollars for investment purposes.
What happened: BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)-based GameStop Coin (GME) soared a whopping 532% in the last 24 hours, defying the broader market correction. The memecoin recorded a significant surge in trader interest, with volume jumping by 53%.
GME outperformed blue-chip cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), which fell 1.21% and 2.30%, respectively.
Note that the token is unrelated to GameStop and merely seeks to capitalize on the hype surrounding the meme stock.
See Also:<a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"> </a><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45740537/forget-dollars-willy-woo-says-bitcoin-will-be-priced-against-global-gdp-gold-used-to-be-that-money-btc-is-the-challenger">Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — &#8216;Gold Used To Be That Money, BTC Is The Challenger&#8217;</a>
Why It Matters: The explosive rally came after GameStop announced a <a href="https://www.benzinga.com/trading-ideas/movers/25/06/45893917/gamestop-stock-is-tumbling-after-hours-heres-why">proposed private offering</a> of $1.75 billion of 0.00% convertible senior notes to institutional buyers.
The company said it intends to use the net proceeds from the offering to make investments "consistent" with its investment policy.
Notably, GameStop adopted a <a href="https://www.benzinga.com/content/45684091/gamestop-buys-bitcoin-smart-strategy-or-big-mistake">Bitcoin treasury strategy</a> earlier this year and made its first purchases, about 4,700 BTC for $512.6 million, last month.
GameStop reported <a href="https://www.benzinga.com/markets/earnings/25/06/45872536/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin">first-quarter revenue</a> of $732.4 million on Tuesday, missing analyst estimates of $754.24 million. The company reported adjusted earnings of 17 cents per share, beating analyst estimates of four cents per share
Price Action:&nbsp; At the time of writing, GME was exchanging hands at $0.000004406 down 0.75% in the last 24 hours, <a href="https://coinmarketcap.com/currencies/gamestopcoin-net/">according </a>to CoinMarketCap.
Shares of GME plunged 11.2% in after-hours trading after closing 5.31% lower at $28.55 during Wednesday's regular trading session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
GME stock recorded a high Growth score but lagged in Momentum and Value metrics as of this writing. If you want to fill your portfolio with similar high-growth stocks, visit <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge Stock Rankings</a> for reference.
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="878" height="632" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12001719/image-172.png" alt="" class="wp-image-946961" style="width:598px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12001719/image-172.png 878w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12001719/image-172-300x216.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12001719/image-172-768x553.png 768w" sizes="(max-width: 878px) 100vw, 878px" /></a></figure>
Benzinga Note: Investing in meme coins is highly speculative and involves significant risk. Meme coins often lack intrinsic value and are driven by market sentiment, social media trends, and speculative trading
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45876652/trump-family-backed-bitcoin-mining-firm-acquires-23-million-worth-of-btc-signals-more-accumulation-in-the-future">Trump Family-Backed Bitcoin Mining Firm Mines $23 Million Worth Of BTC, Signals More Accumulation In The Future</a></li>
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Photo Courtesy: Tada Images On Shutterstock.com

GameStop-Themed Crypto Skyrockets Over 500% After Retailer Announces $1.75 Billion Investment Plan

<h3>Gainers</h3>
<ul>
<li>ZHONGCHAO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCMD#NASDAQ">ZCMD</a>) shares rose 10.6% to $1.15 during Wednesday's after-market session. The market value of their outstanding shares is at $28.9 million. </li>
<li>Greenlane Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) stock increased by 6.66% to $0.01. The company's market cap stands at $8.1 million. </li>
<li>Dana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) stock rose 5.87% to $18.75. The company's market cap stands at $2.7 billion. </li>
<li>Beachbody Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BODI#NYSE">BODI</a>) shares moved upwards by 5.59% to $4.15. The company's market cap stands at $29.0 million. </li>
<li>Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) stock moved upwards by 5.57% to $1.32. The company's market cap stands at $18.1 million. </li>
<li>Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) shares moved upwards by 4.99% to $0.66. The company's market cap stands at $121.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Oxford Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXM#NYSE">OXM</a>) stock declined by 12.1% to $44.0 during Wednesday's after-market session. The company's market cap stands at $690.8 million. As per the news, the Q1 earnings report came out today. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares fell 10.16% to $25.65. The company's market cap stands at $11.4 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Mixed Martial Arts Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) shares fell 7.02% to $1.06. The company's market cap stands at $11.1 million. </li>
<li>Jiuzi Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZXN#NASDAQ">JZXN</a>) shares fell 5.85% to $2.72. The market value of their outstanding shares is at $29.9 million. </li>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) stock decreased by 5.83% to $0.28. The market value of their outstanding shares is at $6.9 million. </li>
<li>INNEOVA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INEO#NASDAQ">INEO</a>) stock declined by 5.62% to $1.68. The company's market cap stands at $16.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Beachbody Company, Inc. Class A Common Stock

BODI

JDZG

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NAAS

12 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are falling in Wednesday&#8217;s after-hours session after the company announced a <a href="https://www.benzinga.com/pressreleases/25/06/b45892533/gamestop-announces-proposed-private-offering-of-1-75-billion-of-convertible-senior-notes">proposed private offering</a>. 
What Happened: After the market close, GameStop announced plans to offer&nbsp;$1.75 billion of&nbsp;0.00%&nbsp;Convertible Senior Notes due 2032&nbsp;to institutional buyers. The company expects to grant the initial purchasers a 13-day option to purchase up to an additional $250 million of the notes. 
GameStop intends to use the net proceeds from the offering to make investments consistent with the company&#8217;s investment policy, as well as for potential acquisitions. 
The offering comes a day after GameStop reported <a href="https://www.benzinga.com/markets/earnings/25/06/45872536/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin">first-quarter results</a> with revenue of $732.4 million coming in below analyst estimates&nbsp;of $754.24 million, and adjusted earnings per share totaling 17 cents, above estimates of four cents.
GameStop ended the period with approximately $6.4 billion in cash, cash equivalents and marketable securities, but said it used cash to purchase 4,710 Bitcoin&nbsp;subsequent to quarter&#8217;s end.
GME Price Action: <a href="http://benzinga.com/quote/gme" target="_blank" rel="noreferrer noopener">GameStop shares</a> were down 10.02% in after-hours, trading at $25.69 at the time of publication on Wednesday, according to<a href="http://pro.benzinga.com"> Benzinga Pro</a>. GameStop shares are down about 8% year-to-date.
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45888497/bitcoin-probably-wont-fix-gamestops-troubles">GameStop Video Game Business Has &#8216;No Potential For A Rebound&#8217;: Analyst Says Bitcoin Investment Not Enough</a></li>
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Image: Jillian Cain Photography/Shutterstock.

GameStop Stock Is Tumbling After Hours: Here's Why

GameStop Announces $1.75B Proposed Private Offering Of Convertible Senior Notes

Things aren&#8217;t looking great for GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), if you ask Wedbush Securities&#8217; Michael Pachter.
The video-game retailer&#8217;s <a href="https://www.benzinga.com/markets/earnings/25/06/45872536/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin">Bitcoin investments</a> probably won&#8217;t inspire hordes of investors to pile into its stock, while there are no signs of a potential recovery in its core business, Pachter suggested in a research note published Wednesday. The analyst maintained an Underperform rating on GameStop with a $13.50 price target.
The name that defined the meme-stock era has slumped almost 19% from a one-year high reached at the end of May, and traded at around $29 on Wednesday. At the height of that viral investing trend in 2021, the stock had surged to levels above $120.
GameStop reported first-quarter revenue of $732.4 million on Tuesday, missing analyst&nbsp;<a href="https://www.benzinga.com/quote/GME/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $754.24 million. The company reported first-quarter adjusted earnings of 17 cents per share, beating analyst estimates of four cents per share, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The company said it had purchased 4,710 bitcoins between May 3 and June 10 using cash.
Read Also: <a href="https://www.benzinga.com/etfs/new-etfs/25/06/45882575/this-new-etf-aims-to-turn-gamestops-wild-moves-into-cash">This New ETF Aims To Turn GameStop&#8217;s Wild Moves Into Cash</a>
<h2 class="wp-block-heading">Bitcoin Strategy May Not Win Over Stock Investors</h2>
GameStop's purchase of 4,710 bitcoins on May 28 for around $500 million was one of the highlights in Pachter's note.
The analyst said GameStop has gained around $8 million on its Bitcoin purchase since late May, but the company's value remains around $12.50 per share based on cash, securities and cryptocurrency. GameStop's Bitcoin holdings and value will be volatile moving forward, he added.
"GameStop is following the MicroStrategy playbook," Pachter said referencing Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) buying up large amounts of Bitcoin for its balance sheet.
The analyst says MicroStrategy trades at less than 2x the value of its Bitcoin holdings.
"It is difficult to understand why any investor would be willing to pay more than 2x cash value for the possibility of GameStop converting more of its cash into Bitcoin, especially since these investors could invest in Bitcoin or a Bitcoin ETF themselves," he wrote.
<h2 class="wp-block-heading">&#8216;No Potential For A Rebound&#8217;</h2>
Aside from its Bitcoin investment, Pachter said there are minimal positives for the video game retailer.
"GameStop's foray into the trading card business appears to be the only recent business venture to see modest success."
Pachter said he sees "no potential for a rebound" in GameStop's core video game business, which likely saw a small positive bump from Nintendo Switch 2 sales "before resuming revenue declines."
"Despite a complete lack of a clear strategy, GameStop has consistently capitalized on the existence of ‘greater fools' willing to pay more than twice its asset value for its shares – and so far, they've been correct."
Pachter said GameStop's stock price is at a level that "overlooks the many challenges ahead."
GME Price Action: GameStop stock is down 3.9% to $28.99 on Wednesday versus a 52-week trading range of $18.73 to $35.81. GameStop stock is down 7.5% year-to-date in 2025.
Read Next: 
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Analyst Color

Short Ideas

Price Target

Reiteration

Analyst Ratings

GameStop Video Game Business Has 'No Potential For A Rebound': Analyst Says Bitcoin Investment Not Enough

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are trading lower Wednesday on the heels of the company&#8217;s first-quarter financial results. Here&#8217;s what you <a href="https://www.benzinga.com/markets/earnings/25/06/45872536/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin">need to know</a>.
What To Know: GameStop reported mixed results for the first quarter with revenue coming in at $732.4 million, below analyst&nbsp;<a href="https://www.benzinga.com/quote/GME/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $754.24 million, and adjusted earnings per share totaling 17 cents, above estimates of four cents.
GameStop said total revenue fell about 17% year-over-year as hardware and accessories revenue of $345.3 million was down from $505.3 million in the prior year&#8217;s quarter and software revenue declined from $239.7 million to $175.6 million. Meanwhile, Collectibles revenue increased from $136.8 million to $211.5 million year-over-year.
GameStop ended the period with approximately $6.4 billion in cash, cash equivalents and marketable securities. Subsequent to quarter&#8217;s end, the company used cash to buy&nbsp;4,710 Bitcoin after GameStop&#8217;s board approved the crypto as a treasury reserve asset last quarter. 
Following the company&#8217;s quarterly results, Wedbush analyst Michael Pachter reiterated GameStop with an <a href="https://www.benzinga.com/analyst-stock-ratings">Underperform rating</a> and price target of&nbsp;$13.50. 
Pachter expects to see continued declines in revenue in the company&#8217;s core business. Although he acknowledged that the <a href="https://www.benzinga.com/news/gaming/25/06/45776150/jensen-huang-says-nintendo-switch-2-has-ai-processors-to-enhance-gameplay-unlike-anything-weve-built-before">Nintendo Switch 2 release</a> could provide a &#8220;transitory bump,&#8221; he expects the trend in overall revenues to be lower. 
&#8220;GME shares trade at a level that overlooks the many challenges ahead,&#8221; the Wedbush analyst said in a note to clients. 
<h3 class="wp-block-heading">How To Buy GME Stock</h3>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in GameStop's case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
GME Price Action: <a href="http://benzinga.com/quote/GME">GameStop shares</a> traded down to around $28.30 following the print. The stock was bouncing back a bit Wednesday morning, last down 5.31% at $28.55, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Earnings

What's Going On With GameStop Stock Wednesday?

Days after GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) revealed that it purchased 4,710 Bitcoins for its corporate treasury, Bitwise Asset Management rolled out an <a href="https://www.benzinga.com/etfs">options-only fund</a> aimed at transforming the wild volatility of the meme stock into a reliable income stream—without actually owning any shares.
As its prospectus outlines, the Bitwise GME Option Income Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGME#NYSE">IGME</a>) writes both call and put options on GameStop to capture option premiums. Its goal is to distribute those earnings to shareholders every month. 
This structure helps avoid directional risk while still allowing for exposure to the sharp price fluctuations that have turned GME into a favorite among retail traders.
IGME has an expense ratio of 0.98%, with the first distribution set for July 24. 
Also Read: <a href="https://www.benzinga.com/news/25/06/45872281/high-altitude-risk-archer-aviation-upstart-with-new-tradr-leveraged-etfs">High Altitude, Higher Risk: Tradr Launches Leveraged Plays On Archer Aviation, Upstart</a>
<h2 class="wp-block-heading">A Growing Suite Of Option-Based Funds </h2>
IGME marks Bitwise's fourth covered-call product launched in 2025, following similar offerings linked to MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and others. 
The firm also manages the Bitwise Bitcoin ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>) and the Bitwise Ethereum ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETHW#NYSE">ETHW</a>), solidifying its status as a pioneer in crypto-related ETFs.
And timing matters. GameStop's choice to add bitcoin to its balance sheet introduces a new crypto angle to a stock already famous for its dramatic price swings driven by retail sentiment. By combining an options income strategy with this narrative, Bitwise places IGME at the crossroads of meme-stock volatility and corporate adoption of digital assets, an area that few other funds are currently exploring.
Analysts believe that Bitwise's latest offering could attract investors looking for a way to tap into GameStop's volatility and its crypto shift, all while preferring a risk-managed, income-focused approach.
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