GameStop’s (GME) earnings were released yesterday, June 7th, postmarket. Its adjusted EPS came in at -$0.14 versus an estimated -$0.17 and its revenue came in at $1.24B versus an estimated $1.34B. Nick McKay discusses the takeaways from GME’s disappointing earnings. He talks about what management changes mean for GME. He goes over how GME fired CEO Matthew Furlong and elected Ryan Cohen as executive Chairman. He notes that Wedbush lowered GME’s price target to $6.20 from $6.50 and keeps its underperform rating. Tom White then joins to demonstrate an example trade using GME. The trade type is a put vertical and the direction is bearish. Tune in to find out more about the stock market today.

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