GameStop slumped 24% on Friday, after the struggling video game retailer said it would sell up to 45 million shares, taking advantage of the meme-stocks frenzy that took hold this week.The Grapevine, Texas-based firm logged its highest trading volume in three years so far this week, following a series of posts from Keith Gill’s X account “Roaring Kitty,” whose bullish calls on GameStop were a reason for the 2021 meme-stock frenzy.“Companies have also learned to take advantage of the market disruption with q ...

GME stock and AMC shares retreated early Friday as the meme rally appeared set to further pare the week's gains. GameStop tumbled after releasing preliminary Q1 results and announcing plans to sell more stock. Meanwhile, a leading short seller from the 2o21 rally is betting against GME stock again. Elsewhere, Robinhood stock jumped on a major upgrade from BofA.X Robinhood Upgraded Times TwoBofA early Friday double upgraded Robinhood (HOOD) shares to buy from underperform, The Fly reported. Analyst Craig Sie ...

Key PointsGamestop gamed its market by announcing weak preliminary results for Q1. Gamestop announced a mixed-shelf filing that threatens dilution. The shares are moving lower and heading back to $10. 5 stocks we like better than GameStopGamestop NYSE: GME proved why it is a fool's game for investors. The company issued weak guidance and announced a share sale that has the market moving lower. The move lower is significant in light of the recent run-up in share prices. The meme-driven spike in shares sent t ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >GameStop Corp. announced on Friday that it expects a substantial decline in sales for the first quarter of fiscal 2024.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company projects revenue to fall by approximately 28%, from $1.2 billion in the same quarter last year to a range of $872 million to $892 million. GME reduced net loss forecastCopy link to sectionDespite the a ...

This is breaking news. Please check back for updates.Shares of GameStop tumbled 10% in premarket trading Friday after the video game retailer said it plans to sell securities and reported preliminary results that showed a sales decline in the first quarter.The firm said it now expects net sales to be in the range of $872 million to $892 million, down from compared to $1.237 billion in the same quarter last year. The brick-and-mortar video game company has been grappling with stiff competition from e-commerc ...

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 ...