Gamestop Corporation’s recently made public that its General Counsel and Secretary Robinson Mark Haymond unloaded Company’s shares for reported $0.23 million on Oct 10 ’24. In the deal valued at $20.82 per share,11,000 shares were sold. As a result of this transaction, Robinson Mark Haymond now holds 43,927 shares worth roughly $-0.94 million.
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Then, Daniel Moore bought 2,624 shares, generating $55,115 in total proceeds.
Before that, Moore Daniel William sold 2,376 shares. Gamestop Corporation shares valued at $51,091 were divested by the PFO and PAO at a price of $21.50 per share. As a result of the transaction, Moore Daniel William now holds 34,904 shares, worth roughly $0.74 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 Monday, Gamestop Corporation [NYSE:GME] saw its stock jump 2.40% to $21.33. Over the last five days, the stock has gained 2.06%. Gamestop Corporation shares have risen nearly 21.68% since the year began. Nevertheless, the stocks have risen 41.35% 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 $21.69, while 200 days put it at $19.22.
Levels Of Support And Resistance For GME Stock
The 24-hour chart illustrates a support level at 20.64, which if violated will result in even more drops to 19.94. On the upside, there is a resistance level at 21.85. A further resistance level may holdings at 22.36. The Relative Strength Index (RSI) on the 14-day chart is 48.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.16%. Stochastics %K at 21.66% 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 2024-09-30, growing by 2.58 million shares to a total of 38.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 35.55 million shares. There was a rise of 6.77%, 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.
