GameStop Rallies, But Here's Why You Shouldn't Get Too Excited Yet - GameStop (NYSE:GME)

Shares of GameStop Corporation (NYSE:GME) traded about $10 higher Monday morning on news that its CEO will resign this summer.

Unfortunately, shareholders don’t have that much to be excited about as this just puts shares back to where they were last week.

There's also significant resistance for the stock at the $200 level. This concentration of sellers will probably keep the shares from exceeding this price anytime soon.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.

Shares of GameStop Corporation (NYSE:GME) traded about $10 higher Monday morning on news that its CEO will resign this summer.

Unfortunately, shareholders don’t have that much to be excited about as this just puts shares back to where they were last week.

There's also significant resistance for the stock at the $200 level. This concentration of sellers will probably keep the shares from exceeding this price anytime soon.

GMEGameStop Corp

$23.690.51%

Overview

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.