Wedbush analysts reiterates an Underperform rating for Gamestop Corporation (GME)

In a filing, Gamestop Corporation revealed its Director Attal Alain acquired Company’s shares for reported $0.26 million on Apr 10 ’25. In the deal valued at $25.75 per share,10,000 shares were bought. As a result of this transaction, Attal Alain now holds 572,464 shares worth roughly $12.67 million.

Then, Cheng Lawrence bought 5,000 shares, generating $107,700 in total proceeds. Upon buying the shares at $21.54, the Director now owns 83,000 shares.

Before that, Cohen Ryan bought 500,000 shares. Gamestop Corporation shares valued at $10,775,000 were divested by the President, CEO and Chairman at a price of $21.55 per share. As a result of the transaction, Cohen Ryan now holds 37,347,842 shares, worth roughly $826.88 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 Friday, Gamestop Corporation [NYSE:GME] saw its stock unchanged to $22.14. Over the last five days, the stock has lost -25.15%. Gamestop Corporation shares have fallen nearly -29.36% since the year began. Nevertheless, the stocks have fallen -27.39% over the past one year. While a 52-week high of $35.81 was reached on 05/28/25, a 52-week low of $18.73 was recorded on 03/31/25.

Levels Of Support And Resistance For GME Stock

The 24-hour chart illustrates a support level at 21.78, which if violated will result in even more drops to 21.42. On the upside, there is a resistance level at 22.83. A further resistance level may holdings at 23.51.

How much short interest is there in Gamestop Corporation?

A steep rise in short interest was recorded in Gamestop Corporation stocks on 2025-05-30, dropping by -1.22 million shares to a total of 47.49 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 48.71 million shares. There was a decline of -2.57%, 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.

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