The saga of meme stocks in 2024 proved once again that retail investors, armed with social media and a touch of chaos, are a force to reckon with. From GameStop Corp.'s GME comeback to Donald Trump-inspired trading frenzies, the year showcased how “diamond hands” and internet-driven hype continue to shake up the Wall Street establishment.The Year Of Roaring Returns2024 marked the return of Keith Gill, aka “Roaring Kitty,” the face of the 2021 GameStop frenzy. After a three-year hiatus, Gill reignited intere ...

Shares of GameStop Corp (NYSE:GME) are looking to snap a five-day win streak today, down 1.6% at $32.51 at last glance. The stock jumped 5.9% last session, after a mysterious Christmas-Day post from famed meme stock figure Keith Gill, otherwise known as "Roaring Kitty" on social media platform X. The post featured a wrapped Christmas present, which led to speculation from traders. Given its past, GME is highly sensitive to speculation, especially as it's still heavily shorted. Short interest makes up 7.6% o ...

Did Roaring Kitty give meme-stock traders a Christmas present? While that isn’t presently clear, GameStop (GME) fans did a little shopping of their own today.   Shares of the retailer associated with Keith “Roaring Kitty” Gill, who for many is the first person who comes to mind when the company comes up, rose Thursday. The gains, at nearly 6%, follow a Wednesday tweet from his X account that was characteristically vague—he often tweets clips from movies and other media without explaining their meaning, lea ...

Did Roaring Kitty give meme-stock traders a Christmas present? While that isn’t presently clear, GameStop (GME) fans are doing a little shopping of their own this morning.  Shares of the retailer associated with Keith “Roaring Kitty” Gill, who for many is the first person who comes to mind when the company comes up, were rising pre-market Thursday. The gains, modest but noticeable at more than 3%, follow a Wednesday tweet from his X account that was characteristically vague—he often tweets clips from movie ...

Cryptocurrencies and stocks associated with “Roaring Kitty” rose Wednesday following the famed trader’s apparent ‘Merry Christmas’ wish.What happened: Keith Gill, better known online as Roaring Kitty, became active on the special day after he posted a picture of a neatly wrapped gift.The message conveyed his Christmas wish and wasn't as cryptic as some of his earlier social media posts. See Also: North Korean Hackers’ Suspected Presence Triggers Over $500 Million In Outflows From Crypto ExchangeThe frenzy t ...

SAN RAFAEL, CALIFORNIA - DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San ... [+] Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)Getty ImagesWhile GME has risen almost $4 or 15% to $30.90 since the company announced its third fiscal quarter results nearly two weeks ago, the key takeaway is the basic story hasn’t changed. Revenue continues to decline and it is bleeding money. How ...

Investors might want to bet on GameStop (GME) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a ch ...

For those looking to find strong Consumer Discretionary stocks, it is prudent to search for companies in the group that are outperforming their peers. Is GameStop (GME) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.GameStop is a member of our Consumer Discretionary group, which includes 272 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of t ...

GameStop, once a dominant force in the gaming retail industry, is facing some challenges as it adjusts to the rise of digital distribution and changing consumer behavior.The company’s third-quarter financial results released Tuesday (Dec. 10) revealed a mixed picture as GameStop’s net sales sank 20.2% to $0.860 billion, but it posted a net income of $17.4 million, up from a net loss of $3.1 million for the same period last year.Elevated Cash PositionAdditionally, GameStop improved its cash position, reporti ...

GameStop Corp. (GME) posted third-quarter fiscal 2024 results, wherein the top line missed the Zacks Consensus Estimate and declined year over year. On the contrary, the bottom line beat the consensus mark and improved from the year-ago period.GameStop’s Quarterly Performance: Key InsightsGME posted adjusted earnings per share of 6 cents, beating the Zacks Consensus Estimate of break-even earnings.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.GameStop reported net sales of $860.3 mi ...