GameStop Corp. (GME, Financial) is known as a “meme” stock. Who knows what that really means? A realistic look at this loss-making business is that it is now worth about $10 per share – maybe a little more or less.Everything else above this is a speculative gamble on the ability of management to properly invest the cash and turn around the loss-making business.Let's take a realistic look at its value, right now – based on publicly available information – and without all the hype and any speculative assumpti ...

Core Viewpoint - GameStop successfully raised over $2 billion through a stock sale, capitalizing on a renewed interest in meme stocks driven by trader Roaring Kitty [1] Group 1: Financial Performance - GameStop completed an at-the-market equity offering, selling 75 million shares to generate proceeds of $2.14 billion [1] - The funds raised will be used for general corporate purposes, potentially including acquisitions and investments [1] Group 2: Stock Market Reaction - Following the announcement, GameStop's stock dipped more than 1% in premarket trading [1] - Despite the dip, shares have experienced volatility, increasing by 8% so far this week [1]

The Reddit community WallStreetBets is synonymous with the meme stock movement. A distinguishing feature of this online community is its members' preference for stocks that have a high short-selling risk. The community's founder, Jaime Rogozinski, has said his goal was to build a community "for people to talk about high-risk trades in an unapologetic way for people to make some short-term money with disposable income." This strategy achieved national prominence in 2021 with the explosive short squeezes on s ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Generally speaking, there are lots of good reasons to consider investing in growth stocks right now. The primary factor is the expectation of rate cuts at some point this year. The European Central Bank just initiated rate cuts that pushed European growth shares higher. The same is bound to happen stateside at some point, which is why growth stocks are appealing.That said, not all growth stocks are created equal. Some growth stocks simply benefit from irrational exuberance that is bound to dissipate. Those ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MAY 4, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 COMMISSION FILE NO. 1-32637 GameStop Corp. (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 625 Westport Parkway Grapevine, T ...

June 21 will be an extremely interesting day for GameStop (NYSE:GME), as that marks the day when Roaring Kitty’s GME options expire.Yesterday, Roaring Kitty — whose real name is Keith Gill — posted another position update on Reddit. As of the close on June 10, Gill owned 120,000 $20 call options expiring on June 21. These calls were up by a total of $13.73 million. He also owns 5 million shares of GME stock bought at an average price of $21.27 with a gain of $17.77 million and $29.40 million in cash. In tot ...

GameStop (NYSE:GME) pulled a fast one on investors. Originally scheduled to report fiscal first-quarter earnings on Tuesday, Jun. 11, the video game retailer reported results early. It released the results last Friday in an attempt to sandbag investors. The clock is ticking on GameStop stock, though.Reporting poor earnings ahead of the weekend is a common tactic used by companies wanting to minimize bad news. GameStop’s results were as bad as expected. Sales fell 28% to $882 million, which was the midpoint ...

After weeks of teasing and hype on social media, retail investor Keith Gill, aka “Roaring Kitty,” held a livestream event on YouTube to discuss GameStop stock (NYSE:GME). The result? GME shares plunged 40%.The steep drop in GameStop’s share price is the latest example of how this overhyped meme stock continues to burn investors. It didn’t help that management at GameStop rushed the company’s financial results out hours before Gill held his much-hyped livestream event that attracted 600,000 retail investors. ...

The GameStop (NYSE: GME) stock and Roaring Kitty saga is far from over, as Keith Gill continues to post updates on his GME stock position, which includes GME shares and call options that are set to expire on June 21.In his most recent update on June 10, Roaring Kitty revealed that his GME stock is now worth $235.4 million, down by over $100 million from his previous update on June 7.Roaring Kitty’s GME stock position. Source: Evan Despite the recent decrease in his GME stock value, Roaring Kitty’s bet is st ...