Gamestop Corporation’s recent filing unveils that its Director Cheng Lawrence acquired Company’s shares for reported $0.1 million on Jul 08 ’24. In the deal valued at $24.85 per share,4,140 shares were bought. As a result of this transaction, Cheng Lawrence now holds 69,228 shares worth roughly $1.57 million.
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Then, Moore Daniel William sold 403 shares, generating $9,443 in total proceeds. Upon selling the shares at $23.43, the PFO and PAO now owns 39,252 shares.
Before that, Robinson Mark Haymond sold 565 shares. Gamestop Corporation shares valued at $13,239 were divested by the General Counsel and Secretary at a price of $23.43 per share. As a result of the transaction, Robinson Mark Haymond now holds 59,594 shares, worth roughly $1.35 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 1.43% to $22.63. Over the last five days, the stock has gained 12.25%. Gamestop Corporation shares have risen nearly 29.09% since the year began. Nevertheless, the stocks have risen 31.72% 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 $22.50, while 200 days put it at $18.89.
Levels Of Support And Resistance For GME Stock
The 24-hour chart illustrates a support level at 21.87, which if violated will result in even more drops to 21.12. On the upside, there is a resistance level at 23.05. A further resistance level may holdings at 23.48. The Relative Strength Index (RSI) on the 14-day chart is 54.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.81%. Stochastics %K at 51.77% indicates the stock is a holding.
How much short interest is there in Gamestop Corporation?
A steep rise in short interest was recorded in Gamestop Corporation stocks on 2024-08-30, dropping by -2.37 million shares to a total of 35.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 37.93 million shares. There was a decline of -6.68%, which implies that there is a negative sentiment for the stock.
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.
