GameStop (GME) – Get report made a face and started climbing on Wednesday after short seller Citron Research said it was scrubbing its clumsy live call because it did not want to interfere with the president’s inauguration.
Shares of Grapevine, Texas, eventually rose nearly 1% to $ 39.72. The stock dropped earlier in the session.
Citron said earlier Wednesday that it will call ET at 11:30 a.m. and will stream the 5 reasons for GameStop. $ GME buyers at these levels are struggling at this poker game. ‘
“Stock is quickly back to $ 20,” the company said. “We understand short interest better than you and will explain it. Thank you to the viewers for their feedback on the last live tweet.”
GameStop’s stock climbed on Tuesday despite the negative forecast.
However, on Wednesday at 11:09 a.m., Citron Research announced on Twitter that it would not continue with the live stream.
“$ GME “$ 20 is still easy, but Citron does not want to live in the middle of a historic presidential inauguration,” Citron said. We respect the office of presidency and abroad and will not interfere with the comments on the market. We look forward to the livestream tom. Gold Bless America. ‘
Joseph Biden and Kamala Harris were sworn in as president and vice president, respectively, on Wednesday after Donald Trump’s term of office officially ended.
GameStop did not respond to a request for comment, but several people did express their feelings on Twitter.
“When you announced yesterday, you were not aware of the inauguration schedule.” said one commentator. “I smell BS.!”
“Hahahahahhaa, you have to joke with me,” said another.
Another commenter hastily wrote: ‘Yes, an event that happened four years on the same day was completely unexpected. ‘
GameStop recently appointed three new directors as part of its agreement with RC Ventures, the company’s second largest shareholder.
One of the directors is Ryan Cohen, who manages RC Ventures. Cohen founded and was CEO of pet supplier Chewy (CHWY) – Get report. He led the company by selling $ 3.3 billion to PetSmart.
In December, Citron Research published a report calling on DoorDash (DASH) – Get report the “most ridiculous IPO of 2020.” Shares of the San Francisco Food Delivery Company were down 2.3% recently at $ 194.15.