Reported 7 months ago
TheStreet Analyst updates GameStop's stock price target after a share sale by Keith Gill, known as Roaring Kitty, who reemerged on social media after three years. Ed Ponsi from TheStreet Pro criticized GameStop for repeatedly issuing new shares to raise capital, which led to a decline in stock price. Wedbush analysts responded by lowering their price target to $11 due to lower-than-expected proceeds from the share offering, citing 'cult-like shareholders' as a factor.
Source: YAHOO