GameStop Earnings Preview: Bitcoin Bets, Insider Buying, and the Volatility Playbook
Video game retailer GameStop (GME) reports earnings after the close this Tuesday, June 10. While the cult stock always drives a certain level of interest, this time around, the headlines are particularly wild:
- GME has invested $500 million in Bitcoin (BTCUSD) buys
- There’s been heavy insider buying from CEO Ryan Cohen
- The stock dropped 15% from its 52-week high, but has recovered 26% in 3 months
Let’s break down what traders need to know heading into this critical report — and how to use Barchart’s tools to trade it.
GameStop Earnings Are June 10
Mark your calendar: GameStop reports after the bell on Tuesday, June 10.
The only analyst that covers GameStop has a “Strong Sell” rating on the stock with a price target of $13.50, which translates to potential downside of more than 50% from current levels.
With a recent 28% YoY revenue decline, the stock’s fundamentals are still shaky — but that hasn’t stopped the dedicated legion of GME bulls.
Insiders Are Buying the Dip
CEO Ryan Cohen and other insiders bought over $10 million worth of stock in April.
That’s a serious vote of confidence — and a key signal for investors watching sentiment shifts.
GameStop Just Bought Bitcoin
GME just added 4,710 BTC to its balance sheet — worth over $500 million.
While big tech firms like Meta (META), Amazon (AMZN), and Microsoft (MSFT) recently rejected similar strategies, GameStop is doubling down on digital assets.
Technicals Show a “Golden Cross”
GameStop just triggered a bullish trade alert: a Golden Cross — when the 50-day moving average crosses above the 200-day.
This classic technical signal is often seen as confirming a bullish trend reversal, especially when paired with rising volume and renewed interest from insiders and retail investors.
Plan Your Earnings Trade with the Expected Move Tool
Before you trade GME earnings, know the expected price range.
Use Barchart’s Expected Moves tool to see:
- Earnings date
- Implied volatility
- Expected high and low prices
This can help options traders pick the best strategy before the news hits.
Watch the Full Breakdown on GME Earnings
Get the full story, charts, and tools in this short video:
On the date of publication, Barchart Insights did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.