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GameStop Enters The Danger Zone: Death Cross Flashes, But Ryan Cohen Isn't Flinching

Benzinga LogoBenzinga12h ago

GameStop Enters The Danger Zone: Death Cross Flashes, But Ryan Cohen Isn't Flinching - Benzinga

Quick Summary:

GameStop Corp (NYSE:GME) has officially wandered into Wall Street's technical “danger zone.” A dreaded Death Cross has formed—when the 50-day moving average dips below the 200-day average—signaling a potentially bearish path ahead.

Despite the grim chart pattern, CEO Ryan Cohen appears unfazed.

Just last week, he snapped up 500,000 more shares, boosting his stake to 8.4%.

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GameStop Enters The Danger Zone: Death Cross Flashes, But Ryan Cohen Isn't Flinching - Benzinga (Picture 1)

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Article Details

Author / Journalist: Surbhi Jain

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 18:21:41 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 25 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27673141

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About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 21 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

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The story "GameStop Enters The Danger Zone: Death Cross Flashes, But Ryan Cohen Isn't Flinching" was covered 12 hours ago by Benzinga, a news publisher based in United States.

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  • URL: https://beamstart.com/news/gamestop-enters-the-danger-zone-17440502611743

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