Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024.The meme stock was down more than 12%, as the company's rescheduled shareholder event wrapped up with no detailed remarks about its strategies. No shareholders got to ask their questions during the meeting, which lasted about 30 minutes. Shares were down as much as 17% at $23.79.GameStop shares dropped to session lows Monday after the company's highly anticipated annual ...

Loading...Loading...The return of Keith Gill, aka Roaring Kitty, to social media has prompted increased interest in AMC Entertainment Holdings AMC and GameStop Corporation GME, which are often labeled as meme stocks.The increased interest may have also led to more attention from short sellers. A short selling data expert breaks down the latest.What Happened: In 2021, meme stocks became the center of a story that saw retail investors take on short sellers and hedge funds. A similar story played out recently ...

GameStop (GME) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this video game retailer have returned +29.2% over the past month versus the Zacks S&P 500 composite's +3.7% change. The Zacks Retail - Consumer Electronics industry, to which GameStop belongs, has lost 10.9% over this period. Now the key question is: Where could the stock be headed in the near term?While media re ...

The drama surrounding GameStop (NYSE: GME) stock and its most popular shareholder, Keith Gill, aka Roaring Kitty, seems far from over, as continuous developments seem to work in his favor.As GameStop mania was renewed in recent months, spurred with cryptic tweets from Roaring Kitty and his constant holdings updates, the short sellers suffered billions in losses, making the most famous institutional short seller, Citron Research, step down with an explanation:“It’s not because we believe a turnaround for the ...

In early May 2024, GameStop (NYSE: GME) exploded back into public consciousness – and saw its stock price likewise skyrocket – as Keith Gill, known online under several nomes de guerre, including as the Roaring Kitty, returned to the scene.June was a particularly eventful month, as Gill revealed his GME position, ran a live stream centered on the meme stock, and as GameStop itself made a renewed stock offering after it witnessed its shares climb as high as $48 at times.GME stock YTD price chart. Source: Fin ...

Thanks to the insanity of retail investors, GameStop (NYSE:GME) has raised $3 billion in GameStop stock over the past few weeks. It will probably be invested in other companies. Whether any of this makes any sense or not, the company’s news release from June 11 confirmed that it generated $2.14 billion in gross proceeds from the latest at-the-market offering, selling 75 million shares at an average price of $28.49. Previously, GameStop sold 45 million shares on May 24 at an average price of $20.74 for gross ...

Loading...Loading...In the tumultuous world of stock valuation, where investors seek the elusive combination of undervaluation and growth potential, two metrics have emerged as paramount: the price-to-cash ratio and year-over-year earnings growth percentage. GameStop Corporation GME, a company that has garnered significant attention in recent times, is currently demonstrating remarkable strength in both these metrics, positioning itself as a compelling deep value play.As of June 14th, GameStop's price-to-ca ...

Roaring Kitty’s new account update revealed that he had parted way with his prior position of 120,000 GameStop (NYSE:GME) calls expiring on June 21. At the same time, his share ownership increased to 9,001,000 from 5 million with an average per share cost of $23.41.Roaring Kitty, whose real name is Keith Gill, could have exercised and took delivery of 40,010 of the options, which would have increased his stake by 4,001,000 shares since each options contract represents 100 shares. He could have also sold out ...

GameStop (NYSE:GME) stock is sliding about 4.5% today after technical difficulties caused yesterday’s shareholder meeting to be rescheduled for June 17.GameStop was supposed to host its virtual annual meeting of stockholders on Thursday, June 13, at 10:00 a.m. Eastern. However, due to issues with the third-party hosting site, the meeting has been pushed back to Monday, June 17, at 12:30 p.m.No business was conducted at this week’s meeting. According to Computershare (OTCMKTS:CMSQY), the host in question, th ...

Roaring Kitty, real name Keith Gill, posted a new account screenshot update on Reddit after the close yesterday revealing that he no longer owned his prior stake of 120,000 $20 GameStop (NYSE:GME) calls expiring on June 21.At the same time, his share ownership of GME stock increased to 9,001,000 from 5 million. The value of his shares was $262.10 million at the time of the screenshot, reflecting a cost basis of $210.74 million and total gains of $51.36 million, or 24.37%. The average price paid for the shar ...