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2021-06-08
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GameStop on watch as one Wall Street firm doubles down on bearish stance and another throws in the towel
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Like n comment","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/117230408","repostId":1130541253,"repostType":4,"repost":{"id":"1130541253","pubTimestamp":1623141101,"share":"https://www.laohu8.com/m/news/1130541253?lang=&edition=full","pubTime":"2021-06-08 16:31","market":"us","language":"en","title":"GameStop on watch as one Wall Street firm doubles down on bearish stance and another throws in the towel","url":"https://stock-news.laohu8.com/highlight/detail?id=1130541253","media":"seekingalpha","summary":"Wedbush reiterates an Underperform rating on GameStop(NYSE:GME)as it notes once again that shares ha","content":"<p>Wedbush reiterates an Underperform rating on GameStop(NYSE:GME)as it notes once again that shares have run up too high amid the meme stock phenomenon to warrant a bullish call.</p><p>While GameStop is seen as well-positioned to be a primary beneficiary of the new console launches and Wedbush is optimistic on a return to profitability by FY21, the lofty valuation cannot be ignored.</p><p>\"The short squeeze and retail investor enthusiasm seen in recent months have spiked the share price to levels that are disconnected from the fundamentals of the business,\" warns Wedbush.</p><p>Meanwhile, Telsey Advisory Group discontinues coverage on GameStop to follow in thepath of Bank of America last week.</p><p>The Seeking Alpha Quant Rating on GameStop isNeutral as high marks for momentum offset the value grade.</p><p><img src=\"https://static.tigerbbs.com/0d6f1217b3d7d420f05132307738a32a\" tg-width=\"1071\" tg-height=\"350\" referrerpolicy=\"no-referrer\">GameStop is up 2.67% premarket to $287.50.</p><p>GameStop is one of the stocks onSeeking Alpha's Catalyst Watch for the week.</p><p><img src=\"https://static.tigerbbs.com/4f1cb61302263bed9f807753856c8a91\" tg-width=\"750\" tg-height=\"514\" referrerpolicy=\"no-referrer\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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