Gamestop Corporation’s recent filing unveils that its Director Cheng Lawrence acquired Company’s shares for reported $0.11 million on Apr 08 ’24. In the deal valued at $11.22 per share,10,000 shares were bought. As a result of this transaction, Cheng Lawrence now holds 65,088 shares worth roughly $0.7 million.
Then, Moore Daniel William sold 526 shares, generating $5,918 in total proceeds. Upon selling the shares at $11.25, the PFO and PAO now owns 21,385 shares.
Before that, Robinson Mark Haymond sold 4,379 shares. Gamestop Corporation shares valued at $50,835 were divested by the General Counsel and Secretary at a price of $11.61 per share. As a result of the transaction, Robinson Mark Haymond now holds 64,308 shares, worth roughly $0.69 million.
Wedbush reiterated its Gamestop Corporation [GME] rating to an Underperform in a research note published on June 08, 2023; the price target was $6.20. A number of analysts have revised their coverage, including Ascendiant Capital Markets’s analysts, who decreased its forecast for the stock in mid April from “a Hold” to “a Sell”. Telsey Advisory Group also remained covering GME and reiterated its “an Underperform” recommendation on March 24, 2021. Wedbush revised its rating on March 24, 2021. It rated GME as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of GME
On Friday, Gamestop Corporation [NYSE:GME] saw its stock fall -4.61% to $10.77. Over the last five days, the stock has lost -4.27%. Gamestop Corporation shares have fallen nearly -38.56% since the year began. Nevertheless, the stocks have fallen -51.62% over the past one year. While a 52-week high of $27.65 was reached on 01/02/24, a 52-week low of $10.73 was recorded on 04/09/24. SMA at 50 days reached $13.62, while 200 days put it at $16.24. A total of 3.18 million shares were traded, compared to the trading of 3.8 million shares in the previous session.
Levels Of Support And Resistance For GME Stock
The 24-hour chart illustrates a support level at 10.61, which if violated will result in even more drops to 10.45. On the upside, there is a resistance level at 11.08. A further resistance level may holdings at 11.39. The Relative Strength Index (RSI) on the 14-day chart is 34.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.18%. Stochastics %K at 4.90% indicates the stock is a buying.
The most recent change occurred on January 27, 2021 when BofA Securities resumed its ‘”an Underperform”‘ rating for the stock and retained the price target to $10.
