Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gamestop Corporation shares valued at $55,115 were sold by Moore Daniel William on Oct 11 ’24. At $21.00 per share, Moore Daniel William sold 2,624 shares. The insider’s holdings dropped to 32,280 shares worth approximately $0.69 million following the completion of this transaction.
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Also, Robinson Mark Haymond sold 11,000 shares, netting a total of over 229,066 in proceeds. Following the sale of shares at $20.82 each, the insider now holds 43,927 shares.
Before that, Daniel Moore had added 2,624 shares to its account. In a trade valued at $55,115, the Officer bought Gamestop Corporation shares for $21.00 each.
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 2.39%. Over the course of the year, Gamestop Corporation shares have jumped approximately 22.13%. Shares of the company reached a 52-week high of $64.83 on 05/14/24 and a 52-week low of $9.95 on 04/16/24. A 50-day SMA is recorded $21.72, while a 200-day SMA reached $19.28. Nevertheless, trading volume fell to 2.96 million shares from 4.26 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 21.21, which, if violated, would cause prices to drop to 21.00. In the upper region, resistance lies at 21.64. The next price resistance is at 21.86. RSI (Relative Strength Index) is 49.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 66.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
