GameStop Corp. and AMC Entertainment Holdings Inc. shares soared this week after trader Keith Gill, also known as Roaring Kitty, made his eye-catching return to social media after a three-year hiatus.
GameStop (GME) shares are tumbling 25% in intraday trading Friday after the gaming retailer announced plans to issue up to 45 million new shares and released initial estimates for its first-quarter financial performance below expectations.
After a wild week of trading, GameStop announced a sale plan for up to tens of millions of its shares and also gave a lukewarm business update disappointing investors.
Retail darling GameStop slumped 26% on Friday after the struggling videogame retailer said it would sell up to 45 million shares, taking advantage of the meme-stocks frenzy this week.
GameStop logged its highest trading volume in three years so far this week, following a series of posts from Keith Gill's X account "Roaring Kitty."
Shares of GameStop cratered Friday after the company dumped several unwelcome announcements on investors, as 2024's meme stock rally born just days away looks to be fading away.
GameStop Corp (NYSE: GME) opened about 20% down on Friday after filing to sell additional shares in an at-the-market offering. How many shares does $GME plan on selling?
GameStop Corp (NYSE:GME) shares have sunk 20% in premarket trading as the memestock was hit by a douse of reality in the form of its first quarter results. Shares in the video game retailer stormed 271% higher on Monday and Tuesday following the return of Roaring Kitty, the online financial analyst famed for his involvement in the first round of the Gamestop saga.
GME stock tumbles after GameStop's preliminary Q1 results disappoint. A major short seller returns.
Gamestop NYSE: GME proved why it is a fool's game for investors. The company issued weak guidance and announced a share sale that has the market moving lower.
GameStop Corp. announced on Friday that it expects a substantial decline in sales for the first quarter of fiscal 2024. The company projects revenue to fall by approximately 28%, from $1.2 billion in the same quarter last year to a range of $872 million to $892 million.
GameStop shares fall after it files to sell securities, says first quarter sales declined