In early May 2024, GameStop (NYSE: GME) exploded back into public consciousness – and saw its stock price likewise skyrocket – as Keith Gill, known online under several nomes de guerre, including as the Roaring Kitty, returned to the scene.June was a particularly eventful month, as Gill revealed his GME position, ran a live stream centered on the meme stock, and as GameStop itself made a renewed stock offering after it witnessed its shares climb as high as $48 at times.GME stock YTD price chart. Source: Fin ...

Thanks to the insanity of retail investors, GameStop (NYSE:GME) has raised $3 billion in GameStop stock over the past few weeks. It will probably be invested in other companies. Whether any of this makes any sense or not, the company’s news release from June 11 confirmed that it generated $2.14 billion in gross proceeds from the latest at-the-market offering, selling 75 million shares at an average price of $28.49. Previously, GameStop sold 45 million shares on May 24 at an average price of $20.74 for gross ...

Loading...Loading...In the tumultuous world of stock valuation, where investors seek the elusive combination of undervaluation and growth potential, two metrics have emerged as paramount: the price-to-cash ratio and year-over-year earnings growth percentage. GameStop Corporation GME, a company that has garnered significant attention in recent times, is currently demonstrating remarkable strength in both these metrics, positioning itself as a compelling deep value play.As of June 14th, GameStop's price-to-ca ...

Roaring Kitty’s new account update revealed that he had parted way with his prior position of 120,000 GameStop (NYSE:GME) calls expiring on June 21. At the same time, his share ownership increased to 9,001,000 from 5 million with an average per share cost of $23.41.Roaring Kitty, whose real name is Keith Gill, could have exercised and took delivery of 40,010 of the options, which would have increased his stake by 4,001,000 shares since each options contract represents 100 shares. He could have also sold out ...

GameStop (NYSE:GME) stock is sliding about 4.5% today after technical difficulties caused yesterday’s shareholder meeting to be rescheduled for June 17.GameStop was supposed to host its virtual annual meeting of stockholders on Thursday, June 13, at 10:00 a.m. Eastern. However, due to issues with the third-party hosting site, the meeting has been pushed back to Monday, June 17, at 12:30 p.m.No business was conducted at this week’s meeting. According to Computershare (OTCMKTS:CMSQY), the host in question, th ...

Roaring Kitty, real name Keith Gill, posted a new account screenshot update on Reddit after the close yesterday revealing that he no longer owned his prior stake of 120,000 $20 GameStop (NYSE:GME) calls expiring on June 21.At the same time, his share ownership of GME stock increased to 9,001,000 from 5 million. The value of his shares was $262.10 million at the time of the screenshot, reflecting a cost basis of $210.74 million and total gains of $51.36 million, or 24.37%. The average price paid for the shar ...

Loading...Loading...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. Adobe Inc. ADBE will likely come to the aid of the tech sector, which has been on a hot streak. Traders may also pay close attention to the inflation expectations readings from the University of Michigan’s preliminary consumer sentiment report and speeches of a few Federal Reserve offic ...

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. This activity has led to a short squeeze, a significant, short-term spike in a stock’s share price. A short squeeze happens when many short sellers are forced to buy shares to exit their positions simultaneously, driving the ...

Meme stock champion Keith Gill, known as "Roaring Kitty" online, seemed to increase his ownership in GameStop's common stock and appears to be holding more than 9 million shares.Gill posted a new screenshot of his E-Trade portfolio on Reddit's Superstonk forum after the bell Thursday, showing that he is now holding 9.001 million GameStop shares and over $6 million in cash. On June 2, the first day he started disclosing his position in 2024's meme stock frenzy, his portfolio had 5 million shares as well as 1 ...

GRAPEVINE, Texas, June 13, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) announced that its virtual annual meeting of stockholders, scheduled for June 13, 2024 at 10:00 a.m. CDT, was convened and adjourned, without any business being conducted, due to technical difficulties with the third-party hosting site. The meeting will be reconvened at 11:30 a.m. CDT on June 17, 2024, at meetnow.global/MT244SG. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS - SAFE HARBOR ...