Nothing so focuses the attention on day trading like the profits generated by the wild swings of GameStop (NYSE: GME ). But what GameStop lacks is what blue-chip stocks offer, and that makes them ideal for day trading, too.
Investors tend to focus on only two main ways to get their money's worth out of buying a stock. Typically, the classic ‘buy low and sell high' approach is the first goal for everyone who buys a stock, especially when it is a speculative venture such as holding so-called ‘meme stocks' like GameStop Corp. NYSE: GME.
GameStop (NYSE: GME ) pulled a fast one on investors. Originally scheduled to report fiscal first-quarter earnings on Tuesday, Jun. 11, the video game retailer reported results early.
The clock is ticking for Keith Gill, the stock influencer known on YouTube as "Roaring Kitty," to lock in gains on his options position in GameStop as the company's share price wobbles and the expiration date for the contracts draws closer.
After weeks of teasing and hype on social media, retail investor Keith Gill, aka “Roaring Kitty,” held a livestream event on YouTube to discuss GameStop stock (NYSE: GME ). The result?
The videogame retailer had a wild ride last week despite posting a first-quarter loss and giving details of a 75 million shares sale.
The GameStop (NYSE: GME) stock and Roaring Kitty saga is far from over, as Keith Gill continues to post updates on his GME stock position, which includes GME shares and call options that are set to expire on June 21.
GameStop's main meme trader "Roaring Kitty" posted an update on where his holdings of the video game maker stand, and despite a two-day downturn in the shares, he's still in the green.
GameStop Corp (NYSE:GME) is starting off another volatile week after a highly-anticipated livestream event from ‘Roaring Kitty' aka Keith Gill sent shares plummeting on Friday. The slide continued on Monday, with shares of the original meme stock set to end the trading day around 13.5% lower.
Keith Gill, known as "Roaring Kitty," held his first livestream in three years on Friday, when shares tumbled 40%.
GameStop reported disappointing Q1 earnings, highlighting the need to reset its business model. With the recent offerings in May and June, I'm projecting GameStop's cash balance to be more than $4 billion, which I believe can be used to transform its declining business. I expect GameStop to use its cash to launch a new digital game store, transform into a holding company, or potentially announce a share buyback program.
GameStop (GME) posts a wider loss and a sales miss in Q1. Lower sales across all categories led to soft sales.