While there are always dangers associated with stock market investing, one way to lessen possible losses is to select stocks likely to underperform. Here, the focus is on the core flaws of three businesses called out for having unsettling operational and financial data. These businesses consistently face falling sales, rising overhead, and failing to reach long-term profitability. For example, the first in the list continues to be unprofitable with consistent negative adjusted EBITDA and net losses despite ...

GameStop (NYSE:GME) is a video game retailer with serious problems but some stock traders are willing to overlook the company’s issues. That’s highly risky and I would compare buying GameStop stock to gambling in a casino. And never forget, the odds are always stacked against you at a casino. Sure, it was a cute story in 2021 when the financial media pitted meme stock traders against the big, bad short sellers. The joke isn’t funny anymore, though, and it’s not so cute when retail investors lose their hard- ...

NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired the securities of GameStop Corp. (“GameStop” or the “Company”) (NYSE: GME) between May 13, 2024 and June 14, 2024, inclusive (the “Class Period”). For more information, submit a form at GameStop Corp. Shareholder Class Action Lawsuit, email Investor Relations Manager Peter Allocco at pallocco@bernlieb.com, o ...

Group 1 - GameStop's stock is down approximately 5% today despite CEO Ryan Cohen's tweet seeking mobile app developers, although the stock is still up about 40% year-to-date [1] - Cohen's tweet emphasized the need for experienced mobile app developers in Dallas, highlighting a hands-on work ethic and no college degree requirement [1] - The stock's decline comes amid ongoing interest in meme stocks, particularly influenced by notable figures like Roaring Kitty [1] Group 2 - Roaring Kitty, also known as Keith Gill, is facing a lawsuit for alleged stock manipulation related to GameStop, specifically a "pump-and-dump" scheme [2] - The lawsuit claims Gill purchased a significant number of GameStop call options before a social media post on May 12, 2024, which led to a 74% surge in the stock price the following day [2] - Gill's legal troubles could impact the broader meme-stock community, as he is a well-liked figure among retail investors [2]

Key TakeawaysGameStop shares fell in intraday trading Monday as the meme stock faces another day of volatility.Markets are reacting to news about Keith Gill, the trader known as "Roaring Kitty" who was a defining piece of the initial meme-stock craze of late 2020 and early 2021.Gill was revealed to have a 6.6% stake in online pet products retailer Chewy in an SEC filing Monday. He is also facing a class-action lawsuit over allegations of a "pump and dump" scheme with GameStop shares. Shares of GameStop (GME ...

Meme stock icon “Roaring Kitty” allegedly duped his millions of internet followers with a “pump-and-dump” scheme by revealing his position in video game retailer GameStop without disclosing when he bought the options, according to a bombshell class-action lawsuit.Keith Gill, the former financial analyst for MassMutual who sparked the meme-stock frenzy in 2021 by using his internet alter-ego Roaring Kitty, was slapped with a securities fraud suit by several GameStop shareholders in Brooklyn federal court.Gil ...

Is one of the most powerful investing influences guilty of market manipulation? A recent lawsuit filed by the Eastern District of New York alleges that Keith Gill, known on social media as Roaring Kitty, has engaged in a pump-and-dump scheme involving GameStop (NYSE:GME) stock.Gill is famous for helping engineer the short squeeze of 2021, which took GME stock to new heights. But now it seems that the influencer, who recently returned to X, formerly Twitter, after a multi-year hiatus, may have done so with a ...

GameStop (NYSE:GME) stock has regained investor attention despite underlying financial vulnerabilities. Q1 2024 revenue dropped 29% to $881.8 million, resulting in a $32.3 million operating loss. Digital gaming posed a challenge to GameStop’s physical sales model. Despite a temporary stock price increase, the company’s financial struggles and market erosion persist amid inflated valuation multiples.GameStop in 2024 is flashy but volatile. Sustainable wealth beats risky quick gains. Before hoarding some GME ...

NEW YORK, June 30, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed on behalf of investors of GameStop Corp. (“GameStop” or the “Company”) (NYSE: GME) securities. The class action, filed in the United States District Court for the Eastern District of New York, and docketed under 24-cv-04608, is on behalf of a class consisting of all persons and entities other than Defendant that purchased or otherwise acquired GameStop securities between May 13, 2024 and June 13, 2 ...

GameStop (GME) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this video game retailer have returned +11% over the past month versus the Zacks S&P 500 composite's +3.5% change. The Zacks Gaming industry, to which GameStop belongs, has gained 16.3% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about ...