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Market
GameStop's primary business strategy by end of 2024
4
Resolution / Starting Odds
Focus on digital sales • 33%
Focus on physical retail stores • 33%
Mix of both • 33%
Official announcements from GameStop or major business news outlets
Story
Citron Research No Longer Shorting GameStop, Shares Up 3.38%
Jun 12, 2024, 12:04 PM
Citron Research has announced that it is no longer shorting GameStop (GME). This decision comes despite Citron's skepticism about a turnaround in the company's fundamentals. Citron cited GameStop's $5 billion in the bank, raised through at-the-market offerings, as a significant factor in their decision. Following the announcement, GameStop shares rose by 3.38% in pre-market trading and were up 2.5% premarket.
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Similar markets
Expansion of physical stores • 25%
Investment in e-commerce • 25%
Debt reduction • 25%
Acquisitions or partnerships • 25%
Less than $900 million • 33%
Between $900 million and $1 billion • 33%
More than $1 billion • 33%
Debt reduction • 33%
Expansion of operations • 34%
Shareholder returns • 33%
Net profit • 25%
Net loss • 25%
Revenue growth • 25%
Revenue decline • 25%
