GameStop Enters The Danger Zone: Death Cross Flashes, But Ryan Cohen Isn’t Flinching
Posted On April 7, 2025
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.
Chart created using Benzinga Pro
But if you think this is game over for GameStop, think again.
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%.
That vote of confidence sent GME stock soaring 11% …
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