Options Market Statistics: GameStop Shares Tumble and Options Pop Amidst Disappointing Q1 Report

The company reported Q1 revenues of $882 million, a decrease from $1.237 billion in the same quarter of the previous year and falling short of the anticipated $995.5 million. The quarterly loss stood at $32.3 million, an improvement from the $50.5 million loss seen in the same quarter last year, yet with an adjusted per-share loss of $0.12, it did not meet analysts' expectations.

Such disappointing results suggest that Gamestop is encountering more serious obstacles than previously thought. Declines were seen across all the company's sub-sectors, including hardware and accessories, software, and collectibles, underscoring the struggles Gamestop faces in preserving its market share and achieving revenue growth amidst fierce competition and swift industry changes.

Nvidias 10-for-1 stock split will take place after the market closes today, and trading on a split-adjusted basis will start Monday. If history is any indication, the split could be a bullish sign for its stock.

Average returns one year after companies announce stock splits are 25%, compared with 12% for the broader S&P 500, Bank of America analysts wrote in a note.