Article: GameStop Slips as Skeptic Warns That Reddit Rally Will Fade

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GameStop Slips as Skeptic Warns That Reddit Rally Will Fade

Bailey Lipschultz, 12 April 2021

(Bloomberg) — GameStop Corp.’s Reddit-fueled trading surge is likely going to fade as threats from digital game downloads sink in, according to one skeptical Wall Street analyst.

The stock slumped after Ascendiant Capital Markets analyst Edward Woo downgraded the retailer to sell from hold, saying increasing digital sales for video-game publishers is a looming risk given GameStop’s minimal market share. He warned clients in a note about the long-term prospects for the company as the market for new gaming systems matures after new launches from Microsoft Corp. and Sony Group Corp. Continue reading “Article: GameStop Slips as Skeptic Warns That Reddit Rally Will Fade”

Tip: Market Makers (aka Naked Short Sellers) To Watch Out For

Tip

Most aggressive in bold.

  • Alpine Securities Corporation
  • Alternative Execution Group
  • Ascendiant Capital Markets LLC
  • Biltmore International Corporation
  • BMA Securities
  • BTIG LLC
  • Buckman, Buckman & Reid, Inc.
  • CRT Capital Group LLC
  • D. A. Davidson & Co.
  • Delaney Equity Group LLC
  • Dinosaur Financial Group LLC
  • Fig Partners LLC
  • Glendale Securities Inc.
  • GMP Securities LLC
  • Intl Fcstone Financial Inc.
  • Keefe, Bruyette & Woods, Inc.
  • Maxim Group LLC
  • Monroe Financial Partners Inc.
  • Puma Capital LLC
  • Rafferty Capital Markets LLC
  • Raymond James & Associates Inc.
  • R. F. Lafferty & Co. Inc.
  • Spartan Securities Group LLC
  • Stifel, Nicolaus & Company, Incorporated
  • Stockcross Financial Services, Inc.
  • The Vertical Trading Group LLC
  • Tradition Asiel Securities Inc.
  • T.R. Winston & Company LLC
  • Vandham Securities Corporation
  • Vfinance Investments, Inc.
  • Wall Street Access
  • Wedbush Securities Inc.
  • Wilson-Davis & Co. Inc.