FMP
GameStop Soars Again, But Short Seller Andrew Left Doubles Down
Jun 4, 2024 8:17 AM - Parth Sanghvi
Image credit: Austin Distel
GameStop (GME) stock experienced a wild ride on Monday, surging 78% and squeezing short sellers once more. However, well-known short seller Andrew Left isn't backing down.
Key Points:
- Massive Gain: GME jumped 78% on Monday, fueled by renewed retail investor interest after popular investor Keith Gill ("Roaring Kitty") revealed a significant stake in the company.
- Left Reshorts Again: Andrew Left, founder of Citron Research and a vocal critic of GameStop, announced a new short position against the stock. While the size of the position wasn't disclosed, it's likely smaller than his previous bets.
- Motivations: Left claims his short position isn't driven by personal animosity towards GameStop.
- GameStop's Trajectory: Despite significant year-to-date gains, GME remains below its recent highs. The stock is known for its volatility.
Looking Ahead:
The renewed surge in GameStop's share price highlights the ongoing battle between retail investors and short sellers. Left's new short position indicates his belief that the stock's price will eventually fall. Whether retail investors can sustain the momentum or if Left's prediction holds true remains to be seen.
Industry PE Ratio as a Valuation Tool
For investors interested in comparing Intel's valuation relative to its industry peers, the Financial Modeling Prep (FMP) Industry PE Ratio API https://site.financialmodelingprep.com/developer/docs/industries-pe-ratio-apiprovides a valuable resource. This API offers daily updated industry PE ratios, allowing you to assess whether the technology sector, where Intel operates, is currently overvalued or undervalued. By leveraging this API and similar valuation tools, investors can make more informed decisions about their technology holdings.
Other Blogs
Oct 31, 2023 8:03 AM - Parth Sanghvi
FCFF vs FCFE: What's the Difference?
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...
