Getty Images (NYSE:GETY) stocks are a hot topic on Friday, and investors will want to keep an eye on it when August 10 rolls around!
That’s when the company intends to release its earnings report for the second quarter of 2022. This will be its first earnings report since going public through a company merger. special purpose acquisition (SPAC) earlier this week.
So what can investors expect from this earnings report? Wall Street currently estimates earnings per share of 21 cents on revenue of $242.8 million for the second quarter of the year.
While GETY shares initially fell after their public debut, the shares rose in a recent rally. This saw it see a rise of over 200% during trading today.
With the rise in GETY’s stock price comes significant trading in its stock. As of this writing, over 10 million shares have changed hands. To put that into perspective, the company’s average daily trading volume is closer to 340,000 shares.
Although this increase is massive, investors may want to wait before taking a stake in the company. It’s entirely possible that retail traders are manipulating the stock price in an effort to pump and dump stocks following Monday’s SPAC merger.
GETY stock is up 146.3% on Friday afternoon.
Investors looking for more recent stock market news will want to keep reading!
We have all the hottest stock market news traders need to know for Friday! Among these are what caused Chinese stocks to fall, why stocks of Ritual Aid (NYSE:GDR) stocks are up as well as the latest news about Lemonade (NYSE:LMND) shares. You can check the following links to learn more about these issues.
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As of the date of publication, William White had no position (directly or indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com Publication guidelines.