Shares of GameStop Corp. GME,
fell by 3.6% in trading on the first market, after well-known short seller Citron Research said it would make a clumsy call to the video game seller, following the recent rocket ride. The stock rose 108.9% just this month, after the company entered into an agreement with an activist investor on a board and reported strong holiday sales, which some say has fueled the exhaustion of bearish betting. Citron tweeted this on Tuesday it will be live stream at 11:30 am five reasons why buyers of GameStop’s stock at current levels are ‘the strugglers of this poker game’. Citron said it believes the stock will drop “fast” to $ 20. The stock has almost tripled in the past three months (by 184.0%), while the S&P 500 SPX,
achieved 10.3%.
