GameStop Corp shares. GME,
fell 3.6% in pre-market trading on Wednesday after well-known short seller Citron Research said it would broadcast a bearish call on the video game seller live after the recent rocket race. The shares rose 108.9% just this month, after the company reached an agreement with an activist investor in a board reorganization and reported strong Christmas sales, which some believe have fueled the crushing of bearish bets. Citron tweeted on Tuesday that it will be broadcast live at 11:30 am ET five reasons why buyers of GameStop shares at current levels “are the fools in this poker game”. Citron said it believes the stock will drop to $ 20, “fast”. The stock almost tripled (up to 184.0%) in the last three months, while the S&P 500 SPX,
gained 10.3%.
