Vetr Crowd Issues Sell As Struggling GameStop Makes Up Ground

The Vetr crowd on Wednesday downgraded its rating for GameStop Corp. GME from 4.5 stars (Strong Buy), issued six days ago, to 2.5 stars (Sell). Crowd sentiment at the time of the downgrade was edging positive, with 55 percent of Vetr user ratings bullish.

GameStop shares have experienced a slight rally in recent weeks, which has bolstered it back up to its price prior to delivering Q4 earnings on March 23 that showed sales down more than 14 percent from the previous year. The stock dipped to $20.70, the lowest its been in more than four years, but has since regained its ground to end today's trading day at $23.97.

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Currently, the Vetr crowd's average target price for Gamestop is down at $22.69, which is below the average analyst target price of $25.25. Less than 2 percent of Vetr users are holding GME in their watch lists.