ToplineGameStop’s annual shareholder meeting Thursday was postponed because of technical difficulties with the livestream, which the hosting company said was overwhelmed by the number of people trying to access the meeting, amid increased craze for the video game retailer after meme stock trader Keith Gill returned to social media.The company that hosted the stream experienced a “mass amount” of issues as people tried to access ... [+] the meeting, a representative said.Getty Images Key FactsGameStop’s shar ...

Even amid cooler-than-expected inflation data, stocks are all over the place today, with the Dow sharply lower, the S&P 500 flat, and the Nasdaq cautiously higher. Amidst this volatility, meme stock GameStop Corp (NYSE:GME) and Dave & Buster's Entertainment Inc. (NASDAQ:PLAY) are two names making outsized moves and attracting attention in the options pits. GME is up 4.1% to trade at $26.50, continuing to take investors on a ride. After Friday's 39.4% drawdown, the meme stock proceeded to shed 12%, add 22.8% ...

Has Roaring Kitty sold some of his $20 GameStop (NYSE:GME) call options? Yesterday’s options data suggests that this could be the case.Roaring Kitty, whose real name is Keith Gill, last disclosed his GME stock position on June 10 via an account screenshot to Reddit. He owned 5 million shares purchased at an average per share price of $21.27 and 120,000 $20 call options with a June 21 expiration date. On that day, there were a total of 166,405 contracts outstanding for the $20 strike price.On Wednesday, volu ...

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.GameStop's annual shareholder meeting was disrupted by computer problems Thursday, as servers crashed under overwhelming interest in the stream, a customer service representative for the company hosting the stream told CNBC.The meeting, slated to begin at 11 a.m. ET, was hosted on Computer Share, but when people tried to access the event, many received error messages tha ...

Keith Gill, the meme stock trend-setter known as Roaring Kitty, may have sold off his recently-disclosed options in GameStop amid a surge in trading, market experts speculated.Gill — who made a surprise comeback to social media last month after not posting anything online in years — had disclosed a sizeable GameStop stock and options position in a screen shot on Reddit on June 2.The screen shot showed he held 120,000 GameStop June 21 call options at a strike price of $20, bought at $5.6754 per contract or $ ...

NEW YORK, NEW YORK - JUNE 07: People are seen outside of a GameStop store on East 14th Street on ... [+] June 07, 2024 in New York City. (Photo by Craig T Fruchtman/Getty Images)Getty ImagesThe stock price of GameStop (NYSE: GME) trades at $30 per share, about 65% below its peak level of over $80 seen in January 2021. In contrast, Best Buy stock (NYSE: BBY) stock saw a 13% decline over this period. Note that GME stock saw a gigantic move from $5 to over $80 in January 2021, amid a large short squeeze. [1] G ...

Retail trading legend Keith Gill, known as Roaring Kitty, returned to his livestream on Friday after several years. GameStop (NYSE:GME) stock had already fallen 25% that morning following a rushed Q1 earnings report and a 75 million share offering. During Gill’s appearance, shares continued to drop, ending 40% lower for the day.The Solana-based meme token GME stock doubled in price before falling 50% on Friday, but still tripled for the week. Keith Gill’s return to social media caused a frenzy for GameStop ...

A holding page for Keith Gill, a Reddit user credited with inspiring GameStop's rally, before a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024.A sell-off in GameStop shares intensified in afternoon trading Wednesday, and that coincided with a spike in trading volume in the call options that meme stock leader "Roaring Kitty" owns.The last time Roaring Kitty, whose legal name is Keith Gill, disclosed his portfolio was Monday night, showing he still owned 120,000 call op ...

CEO Ryan Cohen's Ownership in GameStop - Ryan Cohen and RC Ventures own 36 84 million shares of GME stock as of June 10 2024 unchanged from previous updates [1] - Cohen's ownership percentage in GameStop has declined from 12 1% on June 9 2023 to 10 5% on May 22 2024 and further to 8 6% as of June 10 2024 due to share dilution [1] - GameStop's shares outstanding increased by 40% from 304 75 million in June 2023 to 426 21 million in June 2024 primarily due to two ATM offerings totaling 120 million shares [2] GameStop's Share Dilution and Market Impact - GameStop conducted two ATM offerings in May and June 2024 raising gross proceeds of $3 07 billion [2] - Despite the dilution GME stock price increased by over 20% since the first offering announcement on May 17 2024 [2] - The dilution is a result of corporate actions and not a negative signal from CEO Ryan Cohen [2] Influence of Roaring Kitty on GME Stock - Roaring Kitty's return has significantly influenced GME stock rallying shareholders through cryptic meme posts and frequent updates on his GameStop position [3] - As of June 10 2024 Roaring Kitty holds 5 million shares of GME worth $124 15 million and 120 000 $20 call options expiring on June 21 2024 [3]

It’s been a rather eventful few months for investors in meme stock GameStop (NYSE:GME). From the return of Roaring Kitty to social media, to a surprise early earnings release and another share issuance from GameStop’s management team, GME stock has traded in a rather wild range. The stock is down another 5% today as investors await the company’s upcoming annual shareholder meeting on June 13. At his meeting, investors will be asked to elect five directors, vote on executive compensation and stockholder prop ...