GameStop Stock Tumbles Despite Surprise Profit in Earnings

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Breaking NewsGameStop Stock Tumbles Despite Surprise Profit in Earnings. 🕹️ The company's stock plummeted in premarket trading on Wednesday after reporting earnings that beat expectations, but sales fell short of analysts' forecasts for its fiscal second quarter. Barron’s reports.

💰 iTaxed: Apple must pay 13 billion euros in back taxes, EU’s top court rules. CNBC reports.

☁️ MultiCloudShift: Oracle shares jump as AI push perks up cloud demand. Reuters reports.

🚛 FreightForward: Uber Freight announces new tech offerings, reaches $20 billion in managed freight. Yahoo Finance reports.

🕒 Chip Slip: Nvidia’s Blackwell chip delay is center stage amid stock slump. Yahoo Finance reports.

✈️ MaxSafe: FAA needs to ensure adequate safety metrics before Boeing 737 MAX production can grow. Reuters reports.

⚡ HyperforceIL: Salesforce expands local cloud platform to Israel. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $CNEY: CN Energy Group
Total gain: +211.67%

2. $FTCI: FTC Solar
Total gain: +82.14%

3. $QH: Quhuo
Total gain: +67.29%

4. $GNPX: Genprex
Total gain: +46.89%

5. $ZCAR: Zoomcar Holdings
Total gain: +41.96%

*Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our Risk Management educator.

What is a Measured Move?

Simply put, a measured move is a method where you measure areas of price action to predict the next move. They're very reliable because what you see on your chart represents two things: mob mentality and math. That's all it is. I was talking about chart patterns with a friend, and he said, "Oh, to me that just looks like a bunch of lines and squiggles."

And I replied, it is lines and squiggles, but behind every single line and every single squiggle is the mob. It's the market. It's human emotion and it's math. It's Fibonacci, it's Gann. It's all these things we see elsewhere in nature presented to you in the form of price action on a chart. And don't dismiss human nature as a driving factor in what happens on a chart. When you're looking at a massive move on a price chart, you're seeing human emotion in that move, and it's either fear or greed—but it's emotion, make no mistake.

So, when you're looking for measured move targets, you're looking for the next logically human-nature-driven mathematical target on a chart, and you're using previous price action to define it. That's what measured moves are.

The closing price of the top three market percent gainers trading near or above $3 on September 10.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $FBLG: FibroBiologics
Total gain: +47.69%
The stock appeared to be moving on no notable news.

2. $SMX: SMX (Security Matters)
Total gain: +47.63%
The stock appeared to be moving on no notable news.

3. $LASE: Laser Photonics
Total gain: +36.09%
The company has unveiled the visual concept for its next-generation CleanTech Industrial Robotic Cell 6040 (CTIR-6040) in response to the growing emphasis on worker safety in industrial operations. Benzinga reports.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

CSBR: Champions Oncology
1Q 2025
After Market Close
Estimate: -0.030
Actual: N/A

OXM: Oxford Industries
2Q 2024
After Market Close
Estimate: 3.000
Actual: N/A

LSAK: Lesaka Technologies
4Q 2024
After Market Close
Estimate: -0.060
Actual: N/A

Time (ET) / Report / Period

8:30 am - Consumer price index - August
8:30 am - CPI year over year
8:30 am - Core CPI - August
8:30 am - Core CPI year over year

“The big money is not in the buying and selling, but in the waiting.”

― Edwin LefèvreSourced in:
“Reminiscences of a Stock Operator”, by Edwin Lefèvre, published in 1923