Esports Entertainment rallies after Citron calls for GameStop takeover
Esports Entertainment Group (GMBL) are rallying after Andrew Left's Citron Research put a $50 price target on the shares. Citron, who is no longer making public calls on short positions, also believes GameStop (GME) should acquire the company. "There is one way for GME to seamlessly both pivot away from its secularly declining retail business and monetize its customer database, and that answer is to acquire Esports Entertainment Group," Citron wrote in a report published on its website. Shares of Esports are up 24% to $21.72 in morning trading.