GameStop Corporation (NYSE:GME) shares are trading lower Monday after the stock rose more than 40% last week. Here's a look at what's going on.

What To Know:

GameStop shares rallied Friday, despite a lack of company-specific news, and shares are falling Monday on above-average volume. According to data from Benzinga Pro, more than 17.8 million shares have already been traded in the session, compared to the stock's 100-day average of 4.695 million shares.

The stock has grabbed the interest of retail investors and short-sellers alike with 28.3% of available shares being sold short. GameStop is one of the top trending tickers on Yahoo Finance and Stocktwits on Monday.

According to data from Benzinga Pro, GameStop shares are trading above the stock's 50-day moving average of $12.75 and well-below its 52-week high of $27.65.

Will GME Stock Go Up?

When trying to assess whether or not GameStop will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $5.60 on GameStop and one analyst has a negative rating on the stock.

In the last month, no analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering GameStop have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. GameStop is 26.09% down year-to-date. The average analyst price target suggests the stock could have further downside ahead.

For a broad overview of everything you need to know about GameStop, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

GME Price Action: According to Benzinga Pro, GameStop shares are down 13.1% at $14.31 at the time of publication Monday.