What's Going On With GameStop Corporation Stock?

GameStop Corporation (NYSE:GME) shares are climbing higher Tuesday, though the stock remains down by more than 2% over the last month. Here's a look at what's going on:

What To Know:

GameStop shares are trending higher on heavy trading volume Tuesday, despite a lack of company-specific news. According to data from Benzinga Pro, more than 2.77 million shares have already been traded in the session, compared to the stock's 100-day average volume of 3.349 million shares.

GME shares have grabbed the interest of short-sellers with 22.62% of available shares being sold short, according to data from Benzinga Pro.

According to data from Benzinga Pro, GameStop shares are trading below the stock's 50-day moving average of $14.38 and well below its 52-week high of $27.87 per share.

GameStop Corporation is set to report its third-quarter financial results after the market close on Dec. 6.

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GME Price Action: According to Benzinga Pro, GameStop shares are up 8% at $12.87 at the time of publication.

Image: Sergei Tokmakov from Pixabay