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 ...

GameStop shares fell for the second straight session Monday, down over 49%, notching the worst two-day stretch since February 3, 2001, as tracked by Dow Jones Market Data Group.  Ticker Security Last Change Change % GME GAMESTOP CORP. 24.82 -3.42 -12.11% Still, "Roaring Kitty," also known as Keith Gill, is in the money with his GameStop holdings. Gill, via his Reddit handle, Superstonk/Deep F-ing Value, posted his latest account performance on Monday. FOX Business, in coordination with Dow Jones Market Data ...

Never miss a trade again with the fastest news alerts in the world! This headline only article is a sample of real-time intelligence Benzinga Pro traders use to win in the markets everyday. Want the fastest, most accurate stock market intelligence? Want EXCLUSIVE stories originated by Benzinga reporters? Join 10,000+ serious traders in the Benzinga Pro community! ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer.Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three years on Friday, the day GameStop unveiled its second share sale in days.A key figure behind an eye-popping rally in GameStop in 2021, Gill joked about memes and interspersed his discussion of ...

DanBrandenburg/E+ via Getty Images Last March, I initiated my coverage of GameStop Corp. (NYSE:GME) ahead of its Q4 2023 earnings with a buy rating, predicting the video game retailer to beat estimates. While GameStop's actual results fell below my expectations, its stock is up more than 110% since then, largely due to the resurgence of its "meme" status. Seeking Alpha On June 8th before market bell, GameStop unexpectedly reported disappointing Q1 2024 earnings highlighted by a steep 29% decline in revenues ...

GameStop Corp. (GME) posted first-quarter fiscal 2024 results, delivering lower-than-expected earnings per share and revenues. While the top line declined year over year, the bottom line compared favorably with the year-ago quarter’s reported figure. Higher inflationary pressures on consumer spending in the gaming industry have been resulting in lower demand and, in turn, weighing on the company’s results.Shares of this Zacks Rank #4 (Sell) company have gained 16.1% in the past year compared with the indust ...