GRAPEVINE, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced certain preliminary unaudited financial information for the first quarter ended May 4, 2024. On a preliminary basis for the 13-weeks ended May 4, 2024 compared to the 13-weeks ended April 29, 2023: Net sales are expected to be in the range of $0.872 billion to $0.892 billion compared to $1.237 billion in the prior year fiscal quarter.Selling, general and administrative ("SG&A") expenses ...

Just as many thought that the GameStop (NYSE: GME) short squeeze was over, as it posted over 35% loss in just one day (considering both premarket and trading session losses), it seems that GME stock is back at it again, with gains of almost 10% in the premarket. | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------|------- ...

Retail investor darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the excitement over the social media return of "Roaring Kitty," who was the central figure in the 2021 meme stock rally, fizzled out. Shares of the videogame retailer GameStop fell 17% to $32.60 after jumping as much as $64.83 this week. Theater chain AMC shed 11% following an 88% surge since Friday's close. Despite the losses on Wednesday, the two companies were among the top three most-traded shar ...

It’s been a whirlwind week for GameStop and other meme stocks, including AMC, with big swings followed by heavy selling, absent concrete news. Instead, the activity has been fueled by the return of social media investor "Roaring Kitty," also known as Keith Gill, who started posting on X after a three-year hiatus.  Ticker Security Last Change Change % GME GAMESTOP CORP. 32.98 -6.58 -16.64%AMC AMC ENTERTAINMENT 4.92 -0.56 -10.24% The extreme volatility has cost short sellers – those betting the shares will fa ...

GameStop (NYSE: GME) shares took a big hit in premarket trading on May 16, dropping further after already experiencing significant losses the day before. This suggests that the frenzy around the meme stock might be losing steam.The traditional video game retailer saw its stock fall by almost 16% in premarket. This comes after the company had already seen steep declines of 19% respectively in the previous day.GME stock 24-hour price chart. Source: Google FinanceJust earlier this week, GameStop had experience ...

This week will go down in market history as the return of Roaring Kitty. Keith Gill — known as Roaring Kitty on social media — the Massachusetts man credited with launching the GameStop (NYSE:GME) short squeeze of 2021, picked an interesting time to return to social media. After a long hiatus, he shared an apparently hand-drawn photo on X of a man playing video games, launching a meme stock frenzy. Unsurprisingly, both GameStop and AMC Entertainment (NYSE:AMC) quickly surged. After a solid two-day rally, sh ...

One of the top hedge funds in the world bought a sizable stake in GameStop just a few weeks before shares surged as much as 400% in the latest “meme stock” rally, a regulatory filing showed Wednesday.Renaissance Technologies, the quant firm founded by legendary investor Jim Simons, who died last week, bought just over 1 million shares of GameStop during the quarter ending in March, according to the securities filing.Assuming no changes in the position, the GameStop stake would be worth nearly $33.5 million ...

Group 1 - GameStop (NYSE:GME) stock is facing trading halts due to the New York Stock Exchange's Limit Up Limit Down (LULD) restrictions aimed at managing extreme volatility [1][2] - The stock has been halted from trading six times since the market opened on Wednesday, indicating ongoing volatility [1] - GME shares have decreased by 30.4% as of Wednesday afternoon, with over 73 million shares traded compared to a daily average of about 13.5 million shares [2] Group 2 - The recent decline in GME stock follows a significant rally driven by the return of the investor known as Roaring Kitty, who previously sparked the meme stock craze in 2021 [2] - Despite initial enthusiasm from meme stock traders, the current rally has not sustained the same momentum as seen in 2021 [2] - Other market stories of interest include the end of the short squeeze rally, Edible Garden (NASDAQ:EDBL) stock rising, and AMC Entertainment (NYSE:AMC) raising funds [2]

A top hedge fund built a GameStop stake from scratch last quarter ahead of the meme stock's surge. Renaissance Technologies' 1 million shares were briefly worth $65 million at Tuesday's high. RenTech, founded by the late Jim Simons, also boosted its AMC bet and pared Tesla and Nvidia. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Access your favorite topics in a personalized feed ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >GameStop Corp. experienced a temporary trading suspension on Wednesday due to high volatility, as its shares plummeted by 25% shortly after the market opened.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The trading halt was a response to rapid fluctuations in the company’s stock price, aimed at stabilizing the market. GME shares continue to declineCopy link to sectionTrading ...