As the game console industry continues to evolve, one company that is poised to benefit greatly is GameStop. The company has reported having $1.4 billion in cash on hand as of the end of December. With this recent announcement, speculative traders and investors alike are excited about the future of this technology-driven brand. But with the ebb and flow of cryptocurrency markets, it’s important to keep an eye on GME stock to ensure your investments are protected.
The SEC is investigating the price swings in GME. It’s unclear whether the recent oversold levels are causing underperformance for the stock. However, it’s important to note that the company hasn’t been making enough money to justify the price increase. Other areas under investigation include payments for order flow, short sellers, and digital engagement practices. As a result, it’s important to pay attention to how GME’s stock is performing.
RSI suggests that GME has reached oversold levels on March 28, but it’s retreated since then. It’s likely that the market will pull back from oversold levels, which will be good news for investors. The SEC is also looking at payment for order flow, short sellers in the industry, and the practice of dark pool trading. These are all areas that could cause further volatility in $GME stock.
The SEC is also closely examining the price swings in GME. They’re also looking at large volume changes, frequent mentions on Reddit, and elevated short interest. Further, they’re examining the market structure, regulatory framework, digital engagement, and payment for order flow. In addition, they’re investigating the role of dark pool trading. Further, despite recent controversies, the stock has been a strong investment for many investors.
In recent days, GME stock has surged. It briefly hit $500 in pre-market trading today. In addition, discord has banned the server r/WallStreetBets, which has a history of skewed sentiment. The SEC is also looking at the use of cryptocurrencies for gaming. Some users have even argued that they are more valuable than real cash. This is not necessarily true, however.
The GME stock has been oversold on the RSI since March 18, but it may have peaked too high. A pullback is possible, but the price might be capped at the point where Robinhood has barred further buying. The stock may also bounce back from an oversold condition if it rejects a short position. Similarly, some investors have speculated that a high for the run could be 353 in a month.
As the company’s stock is listed on the NASDAQ, it is important to choose a brokerage that offers commission-free trading. You should also consider choosing a Canadian broker if you are interested in investing in the game industry. The NASDAQ and NYSE offer an extensive range of online brokers, including GME stock. There are also many Canadian brokers that specialize in game stocks. If you’re not in the US, GME is listed in Canada.