Wabash National (WNC) Forms $23.44 Double Bottom; Melvin Capital Management LP Lowered Its Gamestop New (Put) (GME) Position

Melvin Capital Management Lp decreased Gamestop Corp New (Put) (GME) stake by 76.18% reported in 2017Q3 SEC filing. Melvin Capital Management Lp sold 1.49M shares as Gamestop Corp New (Put) (GME)’s stock declined 5.28%. The Melvin Capital Management Lp holds 465,900 shares with $9.63M value, down from 1.96M last quarter. Gamestop Corp New (Put) now has $1.72B valuation. The stock decreased 0.62% or $0.105 during the last trading session, reaching $16.955. About 678,211 shares traded. GameStop Corp. (NYSE:GME) has declined 15.17% since January 29, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Wabash National Corporation (WNC) formed double bottom with $22.27 target or 5.00% below today’s $23.44 share price. Wabash National Corporation (WNC) has $1.38 billion valuation. The stock increased 0.34% or $0.08 during the last trading session, reaching $23.44. About 85,701 shares traded. Wabash National Corporation (NYSE:WNC) has risen 52.05% since January 29, 2017 and is uptrending. It has outperformed by 35.35% the S&P500.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 earnings per share, down 15.55% or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.67 million for 2.11 P/E if the $2.01 EPS becomes a reality. After $0.54 actual earnings per share reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22% EPS growth.

Among 20 analysts covering GameStop Corp. (NYSE:GME), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. GameStop Corp. had 74 analyst reports since August 6, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of GME in report on Wednesday, August 23 with “Buy” rating. The stock of GameStop Corp. (NYSE:GME) has “Hold” rating given on Friday, August 28 by Benchmark. The firm earned “Overweight” rating on Monday, August 31 by Pacific Crest. The stock of GameStop Corp. (NYSE:GME) earned “Sell” rating by Benchmark on Friday, May 27. Benchmark maintained it with “Sell” rating and $26.33 target in Monday, March 28 report. The stock of GameStop Corp. (NYSE:GME) earned “Perform” rating by Oppenheimer on Tuesday, November 24. The stock of GameStop Corp. (NYSE:GME) earned “Sell” rating by Benchmark on Wednesday, November 2. Telsey Advisory Group maintained the stock with “Market Perform” rating in Wednesday, January 13 report. The rating was upgraded by Telsey Advisory Group on Monday, June 27 to “Outperform”. Sterne Agee CRT downgraded the stock to “Neutral” rating in Monday, January 4 report.

Melvin Capital Management Lp increased Amazon Com Inc (Call) (NASDAQ:AMZN) stake by 110,200 shares to 295,800 valued at $284.37M in 2017Q3. It also upped Summit Matls Inc stake by 1.43 million shares and now owns 1.83 million shares. Sherwin Williams Co (Call) (NYSE:SHW) was raised too.

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.11, from 1.18 in 2017Q2. It worsened, as 37 investors sold GME shares while 83 reduced holdings. 35 funds opened positions while 93 raised stakes. 100.21 million shares or 1.31% less from 101.54 million shares in 2017Q2 were reported. Nuveen Asset Mngmt Limited Liability Corporation owns 363,879 shares. State Treasurer State Of Michigan stated it has 38,100 shares or 0.01% of all its holdings. Nomura Asset Management Co Ltd holds 0% or 13,630 shares. Commonwealth Equity Svcs owns 17,163 shares for 0% of their portfolio. Louisiana State Employees Retirement System invested 0.03% of its portfolio in GameStop Corp. (NYSE:GME). Carret Asset Management Limited Liability Company stated it has 0.03% in GameStop Corp. (NYSE:GME). Moreover, Lpl Finance Limited Liability Company has 0% invested in GameStop Corp. (NYSE:GME). Valley National Advisers has invested 0% of its portfolio in GameStop Corp. (NYSE:GME). Royal National Bank Of Scotland Grp Incorporated Plc holds 0.08% of its portfolio in GameStop Corp. (NYSE:GME) for 14,690 shares. Hancock Hldgs owns 55,828 shares. Goldman Sachs holds 0.01% or 2.03M shares in its portfolio. Department Mb Commercial Bank N A stated it has 257 shares. Voya Ltd accumulated 55,489 shares. Citigroup has 186,771 shares for 0% of their portfolio. Hirtle Callaghan Com Ltd Liability Corp holds 0% or 476 shares in its portfolio.

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.25, from 1.03 in 2017Q2. It dived, as 22 investors sold Wabash National Corporation shares while 93 reduced holdings. 33 funds opened positions while 57 raised stakes. 71.54 million shares or 2.38% less from 73.29 million shares in 2017Q2 were reported. Alpha Windward Limited Liability Corporation accumulated 22,560 shares. 177,039 are held by California Employees Retirement Sys. Acadian Asset Management Limited Liability owns 701,388 shares or 0.07% of their US portfolio. Massachusetts-based Rhumbline Advisers has invested 0.01% in Wabash National Corporation (NYSE:WNC). 11,907 were accumulated by State Of Alaska Department Of Revenue. Oppenheimer & holds 0.02% or 32,065 shares in its portfolio. Parallax Volatility Advisers L P has 394 shares. Dreman Value Management L L C holds 0.17% or 13,320 shares in its portfolio. Wells Fargo And Mn accumulated 0% or 595,991 shares. Texas-based Bridgeway Management Inc has invested 0.06% in Wabash National Corporation (NYSE:WNC). 29,735 are held by Morgan Dempsey Cap Mgmt Ltd Liability. Illinois-based Ubs Asset Americas has invested 0% in Wabash National Corporation (NYSE:WNC). Pillar Pacific Cap Ltd holds 0.07% or 24,600 shares in its portfolio. Aqr Capital Mngmt stated it has 652,995 shares or 0.02% of all its holdings. State Street Corp owns 1.56M shares for 0% of their portfolio.

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