(Finance) – Great day for Gamestopwhich is marking a rise of 4.61%.
The video game retailer reported fourth-quarter results surprisingly marked by a red of 147.5 million, or $ 1.94 per share. On an adjusted basis, the loss stood at $ 1.86 per share, versus the consensus profit of 85 cents.
In the three months to January 29th, revenues increased from 2.21 to 2.25 billion dollars, in this case above the 2.20 billion estimated by analysts.
The weekly analysis of the stock with respect toS & P-500 shows a decline relative to the index in terms of relative strength of the US video game retailerwhich is worse than the target market.
The medium-term technical status of GameStop remains negative. In the short term, however, we see an improvement in the bullish strength, with the curve meeting the first resistance area at USD 97.69, while supports are estimated at 82.37. The technical implications lean in favor of a new bullish momentum with a target probably estimated in the 113 area.