GME, NTNX, MRVL Stocks In the News Today

GameStop shares are lower, due to the retailer's disappointing guidance

May 26, 2017 at 10:06 AM
facebook twitter linkedin

U.S. stocks are lower this morning, but are still boasting strong weekly gains. Among specific stocks on the move are video game retailer GameStop Corp. (NYSE:GME), cloud concern Nutanix Inc (NASDAQ:NTNX), and chip stock Marvell Technology Group Ltd. (NASDAQ:MRVL), all fresh out of the earnings confessional. Here's a quick look at what's moving shares of GME, NTNX, and MRVL. 

Lackluster Forecast Drops GME Stock

GameStop stock is down 8.7% at $21.57 this morning, after the company's first-quarter earnings results. While the retailer posted solid earnings and sales, it's full-year forecast is disappointing investors. The shares have struggled since topping out near $33 back in August, with recent breakout attempts stopped cold by GME's 200-day moving average. Extended downside could bring downgrades from analysts, since half of the brokerages covering GME stock say it's a "strong buy." 

Sales Beat, Outlook Send NTNX Stock Soaring

Better-than-expected fiscal third-quarter revenue has Nutanix stock up 14.4% at $20.10. The company also gave an upbeat current-quarter forecast, putting the shares on pace for their highest close since March 20. It looks like a number of bears are getting burned by today's price action, since short interest on NTNX stock jumped by almost 24% over the past two reporting periods. 

MRVL Stock Touches New High After 1Q Results

Marvell stock jumped to a six-year high of $17.73 out of the gate, and was last seen trading 1.6% higher at $17.22, thanks to better-than-expected first-quarter earnings. Oppenheimer reacted with an upgrade to "outperform" on top of a $23 price target, while Susquehanna, Jefferies, J.P. Morgan Securities, and Credit Suisse raised their respective price targets. MRVL stock has added 70% year-over-year, as it tries to live up to analysts' lofty expectations. Even before today, the shares had an average 12-month price target of $19.44.

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 



Special Offers from Schaeffer's Trading Partners