What's Going On With GameStop Corporation Stock?
Portfolio Pulse from Erica Kollmann
GameStop Corporation (NYSE:GME) shares hit a new 52-week low of $13.81 and are down more than 20% over the last month. 20.11% of GME shares are being sold short. The stock is trading well below its 50-day moving average of $17.37. The SEC has adopted new rules requiring hedge funds to disclose their short positions each month.
October 18, 2023 | 4:12 pm
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GameStop's stock is under pressure, hitting a new 52-week low and trading below its 50-day moving average. The new SEC rules could potentially impact short selling of the stock.
GameStop's stock is experiencing a downward trend, hitting a new 52-week low and trading below its 50-day moving average. This indicates a bearish sentiment among investors. Additionally, the new SEC rules requiring hedge funds to disclose their short positions each month could potentially impact the short selling of the stock, which currently stands at 20.11% of GME shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100