GameStop Stock Hits A New 52-Week Low: What's Going On?

GameStop Corp GME shares are trading lower by 4.6% to $14.23 Monday morning, despite a lack of company-specific news for the session. The stock has fallen some 18% over the trailing month, when in late September Ryan Cohen was appointed as the President and Chief Executive Officer.

Cohen will not receive compensation for these roles, and his responsibilities include capital allocation and management oversight. Ryan Cohen was previously elected as the company's executive chairman in June.

Additionally, per a Friday SEC filing, GameStop's General Counsel and Secretary, Haymond Mark Robinson, sold 11,966 shares at an average price of $15.48, resulting in proceeds of approximately $185,234 from the sale.

See Also: Swiftie Lift For Shiba Inu? SHIB Burn Rate Rockets 270% As 'Eras Tour' Accepts Meme Crypto

SEC Requires Hedge Funds To Report Short Positions In Response To GameStop Frenzy

The Securities and Exchange Commission (SEC) has introduced new regulations that compel hedge funds to publicly disclose their short positions in publicly traded companies.

This requirement is a response to the GameStop stock frenzy of 2021 and aims to enhance transparency in financial markets...Read More

According to data from Benzinga Pro, GME has a 52-week high of $34.99 and a 52-week low of $14.16.