Loading...Loading...Meme stocks are back in the spotlight with the resurgence of Keith Gill, aka Roaring Kitty, on social media after a three-year break. His return reignited interest in meme stocks like GameStop Corp GME, AMC Entertainment Holdings Inc AMC, and others, causing a significant surge in their prices. For investors looking to ride this wave, here are three ETFs to consider:VanEck Social Sentiment ETF BUZZThe VanEck Social Sentiment ETF offers exposure to large-cap U.S. stocks that show high pos ...

GameStop investors got another news dump on Monday, this time from the company at its annual shareholders meeting. CEO Ryan Cohen told investors the video game retailer plans to "continue reducing costs and focusing on profitability," without elaborating.  Shares fell 12% and slipped further on Tuesday, but are still up over 100% this quarter amid extreme volatility. Much of the gains have been driven by retail investor "Roaring Kitty" who disclosed an update to his GameStop holdings in early May, after a t ...

GameStop (NYSE:GME) held its delayed annual meeting for shareholders on Monday, June 17. The anticipation was palpable. Originally scheduled for June 13, the meeting had to be postponed because the livestream attracted so much attention it crashed the host’s servers.The rescheduled meeting, however, was a let down. CEO Ryan Cohen spoke briefly, espoused generalities and gave little hint at what the plan was for the video game retailer’s future. He took no shareholder questions and the virtual meeting conclu ...

Another week has past and GameStop’s (NYSE:GME) stock has grown more volatile, putting investors further at risk. On June 12, GameStop stock plunged 25% on reports that investor Keith Gill, who goes by the online handle “Roaring Kitty,” exercised most of the 120,000 call option contracts he had. Gill apparently used the options contracts to buy even more GME stock. As the trading week ended on June 14, Gill shared a screenshot of his investment account that showed he held over nine million shares of GameSto ...

Roaring Kitty brought meme stocks back to life. His first post in three years in mid-May caused GameStop (NYSE:GME) shares to triple in value almost overnight. It also dragged other left-for-dead meme stocks along for the ride.Yet, the reaction to the meme lord (his real name is Keith Gill) by Wall Street was telling. The Wall Street Journal reported that discount broker E-Trade, owned by Morgan Stanley (NYSE:MS), was mulling whether to ban him from the platform. The investment firm’s financial crimes divis ...

Key TakeawaysGameStop shares dropped Monday as its annual shareholder meeting provided little detail about what the company's plans are.Reports indicate Chief Executive Officer Ryan Cohen briefly discussed creating shareholder value and cutting costs.Shares of GameStop have been on a roller-coaster ride recently, with the re-emergence of meme-stock hero "Roaring Kitty," who discussed his current investment in the stock. GameStop (GME) shares plunged Monday as the struggling video game retailer’s delayed ann ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

ToplineGameStop CEO Ryan Cohen said during the video game retailer’s annual shareholder meeting it is not here to “hype things up” as meme stock traders continue to invest in the company, which experienced a more than 11% drop after the meeting’s scheduled start time.The shareholder meeting took place at 11:30 a.m. CT. (Photo Illustration by Thiago Prudêncio/SOPA ... [+] Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Key FactsGameStop shares traded down 11.9% at $25.27 as of 3 ...

Core Viewpoint - GameStop's annual meeting highlighted the company's focus on profitability and strategic adjustments in response to economic conditions, despite reporting a net loss for the recent quarter [1][3]. Financial Performance - GameStop reported a net loss of $32.3 million for the quarter ended May 4, an improvement from a loss of $50.5 million in the same quarter last year [1]. - The company has issued 120 million shares since May 17, generating approximately $3 billion in gross proceeds, although this has resulted in a 21% increase in shares outstanding, totaling 426.21 million as of June 10 [2]. Strategic Insights - CEO Ryan Cohen emphasized the importance of a strong balance sheet during economic uncertainty and criticized past monetary policies as "historical anomalies" [3]. - Cohen stated that higher interest rates necessitate investments to yield higher returns to offset risk-free returns, indicating a shift in investment strategy [3]. Shareholder Proposals - Three out of four proposals during the meeting were approved, including the election of five directors and the ratification of Deloitte & Touche as the independent accounting firm [4]. - A proposal requesting a board matrix detailing directors' skills and demographics was rejected by shareholders, despite the company's recommendation for approval [4]. Market Reaction - Following the meeting, GameStop's stock fell by over 10%, attributed to the absence of significant announcements regarding cash management or potential acquisitions [4].

Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores and gave no details on what it plans to do with its cash pile.GameStop shares were down 13% at $24.86 on Monday afternoon after the annual general shareholder meeting, which lasted about 20 minutes.Cohen said he anticipates the business will be operated with “a smaller network and more value-added” items as part of the company’s attempt to boost sales and profitab ...