GameStop Stock Split Implications for GME Stocks
After a long-term downtrend, GameStop stock has finally broken out of this pattern and looks set for higher highs. GME is back-testing its break-out and has previously broken out from late March highs around $200. Back-tests going as far back as late Jan. 21 also point to GameStop stock making new highs. Therefore, a stock split, in this case, could have bullish implications for GME. This article will examine the factors influencing short interest. Short interest growing in GME stock Shareholders of GameStop stock have more to worry about than beating short sellers. Increasing short interest might stymie their long-term growth plans. GameStop stock has historically traded against the market's trends, and gloomy macroeconomic conditions have hit high-growth stocks hard. H...