Famed meme-stock trader “Roaring Kitty” flopped in a hotly anticipated live YouTube broadcast — failing to stem a selloff in GameStop shares that was sparked by a dismal earnings announcement from the video-game retailer.Meme stock influencer Keith Gill — also known on Reddit under the handle “DeepF—–gValue” — confirmed his position as a major shareholder of GameStop as he posted a chart on a YouTube livestream showing that he owned 5 million shares of the company as well as 120,000 call options.“My aggress ...

Meme stock retail trader Keith Gill, who goes by ‘Roaring Kitty’, kicked off his highly anticipated YouTube livestream Friday telling nearly 600,000 viewers why he continues to bet big on GameStop.  "It becomes a bet on the management" of GameStop – particularly on CEO Ryan Cohen "and his crew" – during the "transformation stage" that he believes the video game retailer has entered. "That’s probably going to be an ongoing debate as to how people feel about him, whether he can successfully transform that bus ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

It has been an interesting week for Keith Gill, also known as Roaring Kitty on social media. The man credited with igniting the GameStop (NYSE:GME) short squeeze of 2021 picked this May to return to X (formerly Twitter) and other social media platforms after a multi-year hiatus.Recently, Gill revealed a significant position in GME stock, igniting some momentum for the struggling retail favorite. Even more recently, however, an account associated with Gill scheduled a livestream for today, June 7 at 12:00 p. ...

GameStop NYSE: GME shares have retested the $10 level once and will do it again because the company is lost. Like Blockbuster before it, its once-hot business lost relevancy and has nowhere to go but out of business, and it looks like the failure is accelerating. The takeaways from the Q1 report are that this company is shedding business fast, losing money, and diluting shareholder value in a way that will make many short-sellers drool. GameStop TodayGMEGameStop$34.50 -12.05 (-25.89%) 52-Week Range$9.95▼$64 ...

GameStop’s (NYSE:GME) at-the-market (ATM) offering is here and it really shouldn’t surprise anyone given the recent surge in shares. Offering the same dollar amount of shares at a higher price will result in less dilution when compared to offering shares at a lower price.GameStop last sold 45 million shares worth $933.4 million after making an announcement on May 17. Now, the video game retailer wants to sell up to another 75 million shares.“We intend to use the net proceeds of this offering, if any, for ge ...

GameStop Corp (NYSE:GME) stock is having quite the volatile morning, ahead of Roaring Kitty's first YouTube appearance in three years, scheduled for 12pm ET. The company also announced disappointing first-quarter results ahead of the open, as well as an agreement with Jefferies to sell 75 million more shares after already selling 45 million.  Last seen down 5.8% to trade at $43.83, GME has traded as high as $48 and as low as $36.20 already in the first hour today. Trading has halted on and off today, with t ...

GameStop (NYSE:GME) unexpectedly posted first-quarter results, and the news wasn’t good. GME stock is down 19% in pre-market trading.The video game chain, which has become a meme stock thanks to Roaring Kitty, saw a decline in sales and foot traffic. The company lost $32.3 million, 11 cents per share, on sales of $882 million. A year ago, GameStop lost $50.5 million, 17 cents per share, on sales of $1.24 million.The results had been expected on June 17. They were moved up because of the stock’s volatility.I ...

 Q1 FY24Analyst Estimates for Q1 FY24Q1 FY23 Revenue$882 million $900 million$1.24 billionDiluted (Loss) Per Share (11 cents)(10 cents) (17 cents) Net (Loss)($32.3 million) ($30.6 million)($50.5 million) GameStop Issuing More Shares GameStop said in a Securities and Exchange Commission (SEC) filing it would sell up to 75 million additional shares on top of the 45 million shares it recently sold for more than $900 million. The company had previously said that it would report first-quarter results after ma ...

GameStop shares were volatile on Friday morning after the company reported results and ahead of a YouTube livestream planned by meme stock influencer Keith Gill, also known as "Roaring Kitty." The video retailer reported a net loss of $32.2 million compared to a loss of $50.5 million in the year-ago period. Sales fell 28% to $881 million, down from $1.2 billion. The company also plans to sell up to another 75,000,000 shares on top of the 45,000,000 already sold. Shares fell following a 47% jump, the largest ...