Could gamestop hit a low lower than 24.97

GameStop's stock price has the potential to fall below the current low of $24.97. Here's an analysis to support this:

1. Recent Price Movement: GameStop's stock has been volatile, with fluctuations influenced by factors such as short squeezes and general market sentiment. The stock's price has experienced a range from a 52-week low of $9.95 to a high of $38.20.
2. Market Conditions: The broader market conditions, including concerns about a potential recession and a bearish initial response to GameStop's stock, have contributed to the stock's struggles. These factors could lead to further declines.
3. Financial Performance: GameStop's financial performance has been challenging, with the company reporting a loss and facing challenges that have not significantly improved. Weak financials can undermine investor confidence and lead to lower stock prices.
4. Insider Activity: While some insiders have purchased GameStop stock, this does not necessarily reflect on the stock's future performance and does not guarantee positive outcomes.

In conclusion, while GameStop's stock has the potential to fall below its current low, it is important to note that stock prices are subject to market fluctuations and can be influenced by a variety of factors. Investors should exercise caution and consider these factors when making investment decisions.