Shares of GameStop Corp. GME, +10.87% dropped 3.6% in premarket trading Wednesday, after well-known short seller Citron Research said it will livestream a bearish call on the video game seller, after the recent rocket ride. The stock has run up 108.9% just this month, after the company reached an agreement with an activist investor on a board shake up and reported strong holiday sales, which some believe fueled the squeezing out of bearish bets. Citron tweeted Tuesday that it will livestream at 11:30 a.m. ET five reasons why buyers of GameStop’s stock at current levels “are the suckers at this poker game.” Citron said it believes the stock will fall back to $20, “fast.” The stock has nearly tripled (up 184.0%) over the past three months, while the S&P 500 SPX, +0.81% has gained 10.3%.
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