Gamestop Corporation’s recently made public that its PFO and PAO Moore Daniel William unloaded Company’s shares for reported $27806.0 on Jan 03 ’25. In the deal valued at $31.07 per share,895 shares were sold. As a result of this transaction, Moore Daniel William now holds 31,385 shares worth roughly $0.88 million.
Then, Robinson Mark Haymond sold 1,577 shares, generating $48,994 in total proceeds. Upon selling the shares at $31.07, the General Counsel and Secretary now owns 42,350 shares.
Before that, Daniel Moore bought 895 shares. Gamestop Corporation shares valued at $27,806 were divested by the Officer at a price of $31.07 per share.
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 -10.12% to $27.88. Over the last five days, the stock has lost -15.05%. Gamestop Corporation shares have fallen nearly -11.04% since the year began. Nevertheless, the stocks have risen 82.82% over the past one year. While a 52-week high of $64.83 was reached on 01/07/25, a 52-week low of $9.95 was recorded on 01/14/25. SMA at 50 days reached $28.51, while 200 days put it at $23.10.
Levels Of Support And Resistance For GME Stock
The 24-hour chart illustrates a support level at 26.40, which if violated will result in even more drops to 24.92. On the upside, there is a resistance level at 30.52. A further resistance level may holdings at 33.16. The Relative Strength Index (RSI) on the 14-day chart is 41.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.32%. Stochastics %K at 38.29% 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 2024-11-29, dropping by -3.54 million shares to a total of 32.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 35.94 million shares. There was a decline of -10.92%, 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.
