Oh Boy. It's time for $GME Earnings.
It’s been months since users on the WallStreetBets Reddit forum first squeezed GameStop (GME) stock “to the moon”, but the buzz has continued.
Cashtag mention analysis reveals just how much attention GME commands.
Although Cashtag mentions have fallen dramatically from the levels seen in late January, they’re still trending +6866% YoY on a 7-day moving average.
Be sure to consider the Y axis on the chart above. $GME is averaging 1,400 mentions/day in the last week.
Shares of GME have been holding above $100 for almost a month now, with thousands of retail traders still devoted to the cause.
It’s impossible to predict what impact the 20Q4 earnings report (Tuesday after the bell) will have on the price action, as evidenced by the +-25% MMM.
Still, we can still see strong grassroots support for the stock, and our data confirms that "the little guys" haven't quite lost interest.