GameStop Enters The Danger Zone: Death Cross Flashes, But Ryan Cohen Isn't Flinching - GameStop (NYSE:GME)
1. GME formed a Death Cross, indicating bearish potential ahead. 2. CEO Ryan Cohen increased his stake to 8.4%, sending stock up 11%. 3. GME is trading below major moving averages, showing weak momentum. 4. Investors are cautious about GME’s bond offering after initial excitement. 5. Short-term buying pressure may lead to a bounce despite bearish signals.