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Actions of GameStop Corp. GME,
fell 3.6% on Wednesday, after well-known short seller Citron Research said it would live broadcast a bearish call on the video game seller, after the recent rocket ride. The stock has climbed 108.9% this month alone, after the company struck a deal with an activist investor on a board of directors and announced strong holiday sales, which some say has fueled the withdrawal of bearish bets. Citron tweeted on Tuesday that It will be broadcast live at 11:30 a.m. ET five reasons why GameStop stock buyers at current levels “are the suckers of this poker game.” Citron said he believed the stock would drop back to $ 20 “quickly.” The stock has nearly tripled (up 184.0%) in the past three months, while the S&P 500 SPX,
gained 10.3%.
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