Meme stock retail trader Keith Gill indicated Friday that he still likes GameStop as he live-streamed on his “Roaring Kitty" YouTube channel for the first time in three years.
The man who sparked the meme stock rally with his bullish comments in support of stocks like GameStop Corp (NYSE:GME), Keith Gill (known online as “Roaring Kitty”) has returned to livestreaming. More than 450,000 people tuned in to Gill's Youtube channel at 12pm Eastern Time for this first livestream since 2021.
GameStop, the company, is in trouble. GameStop, the stock, is roaring.
GameStop shares are sinking Friday after the company released earnings early and announced another stock offering ahead of Roaring Kitty's livestream.
It has been an interesting week for Keith Gill, also known as Roaring Kitty on social media. The man credited with igniting the GameStop (NYSE: GME ) short squeeze of 2021 picked this May to return to X (formerly Twitter) and other social media platforms after a multi-year hiatus.
Influential trader and analyst Keith Gill, also known as Roaring Kitty, will host his first YouTube livestream in three years Friday, which may offer insight into his recent actions that sent shares of meme stocks GameStop Corp. and AMC Entertainment Holdings Inc. skyrocketing.
GameStop NYSE: GME shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating.
GameStop's (NYSE: GME ) at-the-market (ATM) offering is here and it really shouldn't surprise anyone given the recent surge in shares. Offering the same dollar amount of shares at a higher price will result in less dilution when compared to offering shares at a lower price.
GameStop Corp (NYSE:GME) stock is having quite the volatile morning, ahead of Roaring Kitty's first YouTube appearance in three years, scheduled for 12pm ET.
Key Takeaways
GameStop Corp. reported a sharp decline in revenue on Friday while separately filing to sell more stock. Its stock was down about 5% shortly after Friday's open.
GameStop (NYSE: GME ) unexpectedly posted first-quarter results, and the news wasn't good. GME stock is down 19% in pre-market trading.