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Checking in on Gamestop Corporation (GME) after recent insiders movement

Gamestop Corporation’s recently made public that its Officer Daniel Moore acquired Company’s shares for reported $51092.0 on Oct 07 ’24. In the deal valued at $21.50 per share,2,376 shares were bought.

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Then, Moore Daniel William sold 1,972 shares, generating $43,310 in total proceeds. Upon selling the shares at $21.96, the PFO and PAO now owns 37,280 shares.

Before that, Robinson Mark Haymond sold 4,667 shares. Gamestop Corporation shares valued at $102,499 were divested by the General Counsel and Secretary at a price of $21.96 per share. As a result of the transaction, Robinson Mark Haymond now holds 54,927 shares, worth roughly $1.14 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 fall -0.91% to $20.71. Over the last five days, the stock has lost -5.74%. Gamestop Corporation shares have risen nearly 18.14% since the year began. Nevertheless, the stocks have risen 37.33% 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 $21.78, while 200 days put it at $19.15.

Levels Of Support And Resistance For GME Stock

The 24-hour chart illustrates a support level at 20.40, which if violated will result in even more drops to 20.09. On the upside, there is a resistance level at 21.14. A further resistance level may holdings at 21.58. The Relative Strength Index (RSI) on the 14-day chart is 43.11, 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 bearish at 70.26%. Stochastics %K at 37.24% 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 2024-09-13, growing by 0.58 million shares to a total of 36.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 35.97 million shares. There was a rise of 1.59%, which implies that there is a positive 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.

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