Gamestop Corporation’s filing revealed that its General Counsel and Secretary Robinson Mark Haymond unloaded Company’s shares for reported $3105.0 on May 06 ’24. In the deal valued at $14.51 per share,214 shares were sold. As a result of this transaction, Robinson Mark Haymond now holds 50,623 shares worth roughly $1.54 million.
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Then, Moore Daniel William sold 7,779 shares, generating $79,362 in total proceeds. Upon selling the shares at $10.20, the PFO and PAO now owns 13,606 shares.
Before that, Robinson Mark Haymond sold 13,471 shares. Gamestop Corporation shares valued at $136,798 were divested by the General Counsel and Secretary at a price of $10.15 per share. As a result of the transaction, Robinson Mark Haymond now holds 50,837 shares, worth roughly $1.55 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 Tuesday, Gamestop Corporation [NYSE:GME] saw its stock jump 22.80% to $30.49. Over the last five days, the stock has gained 15.06%. Gamestop Corporation shares have risen nearly 73.93% since the year began. Nevertheless, the stocks have risen 34.44% over the past one year. While a 52-week high of $64.83 was reached on 05/14/24, a 52-week low of $9.95 was recorded on 04/16/24. SMA at 50 days reached $18.63, while 200 days put it at $15.98. A total of 138.58 million shares were traded, compared to the trading of 131.57 million shares in the previous session.
Levels Of Support And Resistance For GME Stock
The 24-hour chart illustrates a support level at 25.21, which if violated will result in even more drops to 19.94. On the upside, there is a resistance level at 33.34. A further resistance level may holdings at 36.20. The Relative Strength Index (RSI) on the 14-day chart is 54.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 57.79%. Stochastics %K at 33.49% indicates the stock is a holding.
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.
