GameStop shares fall ahead of the short seller’s live stream for 5 reasons to sell

Shares of GameStop Corp. GME,
-5.80%
fell 3.6% in premarket trading on Wednesday, after well-known short seller Citron Research said it would stream a live call to video game vendor, following the recent rocket trip. Shares have risen 108.9% just this month after the company reached an agreement with an activist investor in a board agitation and reported strong holiday sales, which some believe fueled the expression. of bearish bets. Citron tweeted on Tuesday will be played live at 11:30 a.m. ET five reasons why buyers of GameStop stocks at current levels “are the suckers of this poker game.” Citron said it believes the shares will fall back to $ 20, “quickly.” Shares have almost tripled (184.0%) in the last three months, while the S&P 500 SPX,
+ 1.10%
has gained 10.3%.

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