GameStop Jumps 3.4% After Roaring Kitty Dumps Chewy — One Ryan Cohen-Linked Stock Now Near 'Oversold' Levels
Portfolio Pulse from Kaustubh Bagalkote
GameStop shares rose 3.44% while Chewy shares fell 1.84% after Keith Gill, known as 'Roaring Kitty', sold his 6.6% stake in Chewy. Both companies are linked to Ryan Cohen, GameStop's CEO and Chewy's founder. GameStop's RSI suggests it's not oversold, while Chewy's RSI indicates potential oversold conditions.
October 30, 2024 | 10:30 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Chewy shares fell 1.84% after Keith Gill sold his 6.6% stake. The stock's RSI is near oversold levels, indicating potential for a rebound if investor sentiment improves.
The decline in Chewy's stock price is directly linked to Keith Gill's exit. The RSI value near oversold levels suggests the stock might rebound if investor sentiment improves.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GameStop shares increased by 3.44% following Keith Gill's sale of his Chewy stake. The stock is not in oversold territory, suggesting stable investor sentiment.
GameStop's price increase is linked to Keith Gill's sale of Chewy shares, which may have shifted investor focus back to GameStop. The RSI value suggests the stock is not oversold, indicating stable investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80