(Finance) – It is moving at a heavy loss Gamestop which shows a decline of 25.05% on previous values, after announcing the possible sale of up to 45 million class A shares. The company also said it expects a decline in net sales in the first quarter compared to a year ago.
The comparison of the title with theS&P-500on a weekly basis, shows the greatest relative strength of US video game retailer compared to the index, highlighting the concrete attractiveness of the stock by buyers.
The medium-term panorama confirms the bullish trend of GameStop. However, the examination of the short-term curve highlights a slowdown in the positive phase at the test of the USD 22.2 resistance, with the most immediate support identified in the 19.49 area. On the horizon, a negative evolution is expected in the short term towards the bottom identified at 18.24.