The market could pause in the final trading session of the week following its record run, facilitated by tamer-than-expected inflation data. The major index futures were moderately lower in early trading.
Shares of GameStop Corp. pared back their gains in premarket trades Friday, with the stock down 2.1% after registering a 14.4% gain Thursday.
In recent weeks, extreme volatility in specific stocks has resurged following the return of popular trader Keith Gill, also known as Roaring Kitty, to social media. After a nearly four-year hiatus, Gill disclosed a sizable stake in GameStop (NYSE: GME), reigniting interest in the stock.
Video game retailer GameStop said that its virtual annual shareholders' meeting on Thursday was postponed without any business being conducted due to technical difficulties.
Keith Gill posted a new screenshot of his E-Trade portfolio after the bell Thursday showing that he is now holding more than 9 million GameStop shares.
Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.
Gamestop's highly-anticipated shareholder meeting ran into a technical problem Thursday—resulting in many eager investors being unable to log on to the livestream.
The high volatility around GameStop Corporation GME stock continues after the return of Roaring Kitty, aka Keith Gill, on social media prompted increased attention in the video game retailer.
Following its latest stock sale, GameStop Corp. now has a war chest of about $4 billion — and a retail business that most professional analysts describe as a melting ice cube.
GameStop (NYSE: GME ) remains one of the most closely-watched stocks in the market. Shares of GME stock have been on a rollercoaster ride over the past few weeks, as Keith Gill (also known as Roaring Kitty) has stepped into options contracts dated a week out in this stock.
GameStop's annual shareholder meeting Thursday was postponed because of technical difficulties with the livestream, which the hosting company said was overwhelmed by the number of people trying to access the meeting, amid increased craze for the video game retailer after meme stock trader Keith Gill returned to social media.
GameStop Corp's annual shareholders meeting faced significant disruption on Thursday when servers crashed due to an overwhelming amount of traffic. The meeting, scheduled for 11 am ET, was hosted by Computer Share, whose servers were unable to handle the unexpected volume of participants.