The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gamestop Corporation shares valued at $136,798 were sold by Robinson Mark Haymond on Apr 23 ’24. At $10.15 per share, Robinson Mark Haymond sold 13,471 shares. The insider’s holdings dropped to 50,837 shares worth approximately $0.56 million following the completion of this transaction.
Also, Cheng Lawrence purchased 10,000 shares, netting a total of over 112,238 in proceeds. Following the buying of shares at $11.22 each, the insider now holds 65,088 shares.
Before that, Moore Daniel William had sold 526 shares from its account. In a trade valued at $5,918, the PFO and PAO traded Gamestop Corporation shares for $11.25 each. Upon closing the transaction, the insider’s holdings decreased to 526 shares, worth approximately $0.23 million.
As published in a research note from Wedbush on June 08, 2023, Gamestop Corporation [GME] has been retained to an Underperform and the price target has been revised to $6.20. Analysts at Ascendiant Capital Markets downgraded the stock from ‘”a Hold”‘ to ‘”a Sell”‘ outlook in a report released in mid April. As of March 24, 2021, Telsey Advisory Group has reiterated its “an Underperform” rating for GME. Earlier on March 24, 2021, Wedbush downgraded its rating. Their new recommendation was “an Underperform” for GME stock which previously was a “a Neutral”.
Analyzing GME Stock Performance
During the last five days, there has been a surge of approximately 6.12%. Over the course of the year, Gamestop Corporation shares have dropped approximately -37.65%. Shares of the company reached a 52-week high of $17.59 on 01/02/24 and a 52-week low of $9.95 on 04/16/24. A 50-day SMA is recorded $12.98, while a 200-day SMA reached $15.70. Nevertheless, trading volume fell to 4.81 million shares from 2.51 million shares the previous day.
Support And Resistance Levels for Gamestop Corporation (GME)
According to the 24-hour chart, there is a support level at 10.41, which, if violated, would cause prices to drop to 9.90. In the upper region, resistance lies at 11.19. The next price resistance is at 11.46. RSI (Relative Strength Index) is 43.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 36.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
