[ad_1]
GameStop (GME) – Get the report did an about-face and started climbing on Wednesday after short seller Citron Research said it was cleaning up its live bearish call because it didn’t want to interfere with the presidential inauguration.
Shares of Grapevine, Texas, at the last check, rose nearly 1% to $ 39.72. The stock had declined at the start of the session.
Citron said earlier Wednesday that it would host a call at 11:30 a.m. ET and “will be live streaming the 5 Reasons Why GameStop $ GME the buyers at these levels are the suckers of this poker game.
“Get back to $ 20 quickly,” the company said. “We understand the short-lived interest better than you and will explain. Thanks to viewers for their comments on the latest live tweet.”
GameStop action climbed Tuesday despite the negative prediction.
At 11:09 a.m. on Wednesday, however, Citron Research announced on Twitter that it would not be moving forward with the Life Stream.
“$ GME still going easy $ 20 but Citron doesn’t want to go live in the middle of a historic presidential inauguration, “Citron said.” We respect the presidential office and out of the country and will not interfere with market commentary. We look forward to the tom livestream. Gold Bless America. “
Joseph Biden and Kamala Harris were sworn in president and vice-president respectively on Wednesday after the official end of Donald Trump’s term.
GameStop did not respond to a request for comment, but several people have shared their feelings on Twitter.
“So when you announced yesterday, you weren’t aware of the unveiling schedule.?” a commentator said. “I smell BS.!”
“Hahahahahhaa you’re kidding me,” another said.
Another commentator slyly wrote, “yes, an event that occurs 4 years on the same day was completely unexpected.”
GameStop recently appointed three new directors as part of its deal with RC Ventures, the company’s second largest shareholder.
One of the directors is Ryan Cohen, who manages RC Ventures. Cohen founded and was the general manager of pet products supplier Chewy (ALL) – Get the report. He led the business through its $ 3.3 billion sale to PetSmart.
In December, Citron Research released a report calling DoorDash (HYPHEN) – Get the report “The most ridiculous IPO of 2020”. Shares of the San Francisco food delivery company fell 2.3% to $ 194.15 recently.
[ad_2]
Source link