GameStop shares are trading higher amid continued volatility. Citron Research announced it is no longer short the stock.
Portfolio Pulse from Benzinga Newsdesk
GameStop shares are experiencing increased volatility and are trading higher after Citron Research announced it is no longer shorting the stock.
June 12, 2024 | 2:14 pm
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GameStop shares are trading higher due to increased volatility and Citron Research's announcement that it is no longer shorting the stock.
The announcement by Citron Research to exit its short position is a significant factor contributing to the rise in GameStop's stock price. This move likely reduces selling pressure and may attract more buyers, leading to higher prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100