GameStop (GME) – Get the report made a move and began to rise on Wednesday, after short seller Citron Research said it was clearing its livestream appeal because it did not want to interfere with the presidential inauguration.
Shares of Grapevine, Texas on the last check rose nearly 1% to $ 39.72. The stock had fallen earlier in the session.
Citron said earlier Wednesday that it will make a call at 11:30 AM ET and will “broadcast live the 5 reasons for GameStop $ GME Buyers at these levels are the suckers of this poker game. “
“Store back to $ 20 fast,” the company said. “We understand the short interest better than you and we will explain. Thank you to the audience for the positive feedback. In the last live tweet.”
GameStop shares rose on Tuesday, despite the negative forecast.
However, at 11:09 a.m., Citron Research announced on Twitter that it would not continue with the flow of life.
“$ GME “It’s still going easy at $ 20, but Citron doesn’t want to go live in the middle of a historic presidential inauguration,” Citron said. We respect the presidency and abroad and will not interfere with market comments. We look forward to the live stream volume. Gold Bless America. “
Joseph Biden and Kamala Harris were sworn in as president and vice president, respectively, on Wednesday after the official end of Donald Trump’s term.
GameStop did not respond to a request for comment, but several people shared their feelings on Twitter.
“So when you announced yesterday that you didn’t know the opening schedule?” said a commentator. “The smell of BS!”
“Hahahahahhaa you have to joke me,” said another.
Another commenter wrote strictly: “yes, an event that happens 4 years on the same day was completely unexpected.”
GameStop recently appointed three new directors as part of its agreement with RC Ventures, the company’s second shareholder.
One of the directors is Ryan Cohen, who manages RC Ventures. Cohen founded and was executive director of pet products supplier Chewy (ALL) – Get the report. He led the company with his $ 3.3 billion sale to PetSmart.
In December, Citron Research published a report called DoorDash (DASH) – Get the report “The most ridiculous IPO of 2020”. Shares of the San Francisco food delivery company fell 2.3% recently to $ 194.15.