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Roaring Kitty's Rally Cry: 3 Meme Stocks to Pounce On Now
investorplace.com· 2024-05-21 01:37
GameStop (NYSE:GME) and AMC (NYSE:AMC) meme stocks rose substantially last week, gaining over 70%. The return of ‘Roaring Kitty’, prominent investor Keith Gill, has traders wondering which meme stocks to buy next. After three years away from publicity, the trading crowd seems to be hyped up again.Markets have more experience in sharply moving meme stocks now due to retail traders’ participation in coordinating on social media in 2021. Hedge funds are more cautious of unconventional short squeezes, while the ...
GameStop's (GME) Preliminary Results Highlight Soft Q1 Sales
zacks.com· 2024-05-21 01:11
GameStop Corp. (GME) has released preliminary financial results for the first quarter of fiscal 2024, highlighting a tumultuous period for the retailer, with a significant drop in sales and strategic financial maneuvers. According to the report, net sales for the quarter are expected between $872 million and $892 million, suggesting a stark decline from the $1.237 billion reported in the prior-year quarter. This drop reflects the ongoing challenges within the retail sector and shifts in consumer behavior af ...
Roaring Kitty Phones Home? GameStop Influencer Goes Silent After 'E.T.
benzinga.com· 2024-05-21 00:03
Loading...Loading...A video clip posted by the Roaring Kitty account on social media platform X has signaled the potential farewell of Keith Gill, an influential figure in the 2021 GameStop short squeeze, just as GameStop shares experience renewed volatility.While GameStop shares surged at the start of last week, the stock price fell on a potential offering. An exit by Gill once again on social media could dampen the rally in the video game retailer's share price further.What Happened: The X account of Roar ...
Wall Street predicts GameStop stock price for next 12 months
finbold.com· 2024-05-20 19:10
As the saga surrounding GameStop (NYSE: GME) seemingly draws to a close, as GME stock went from $65 to $22 in just three trading sessions after a staggering loss of 65% over the same period, GME stock is showing signs of recovery in the pre-market, with gains of 3.29%.GME stock 5-day price chart. Source: Google FinanceWhether the current rally was short-lived or other potential short squeezes will occur in the upcoming months may depend on the trading community and its leader ‘Roaring Kitty.’Preliminary Q1 ...
GameStop Revenue Down 37% In Five Years
247wallst.com· 2024-05-19 17:53
财务表现 - GameStop在过去五年中营收下降了37%,达到了53亿美元[1] - GameStop在过去五年中只有2019年盈利,其余年份都亏损[1] 挑战 - GameStop面临着两大挑战,一是越来越多人通过互联网下载游戏,二是像沃尔玛这样的巨头零售商的竞争[2]
GameStop Issues New Shares, Sending Stock Tumbling
investopedia.com· 2024-05-18 00:05
Key TakeawaysGameStop stock is tumbling Friday as the retailer filed to issue up to 45 million new shares.The company also announced initial projections for its first-quarter results, which came in below analyst estimates.The meme stock has erased nearly all the massive gains it recorded earlier this week. GameStop (GME) shares are tumbling 25% in intraday trading Friday after the gaming retailer announced plans to issue up to 45 million new shares and released initial estimates for its first-quarter financ ...
GameStop shares sink after company update on business, plans stock sale
foxbusiness.com· 2024-05-18 00:01
GameStop shares tumbled on Friday after the video game retailer released preliminary financial results and announced a plan to sell millions of shares of common stock. Under the sale agreement, the company said it may sell as many as 45 million shares of its common stock using Jefferies as its sales agent, according to a filing with the Securities and Exchange Commission (SEC).Ticker Security Last Change Change % GME GAMESTOP CORP. 20.48 -7.17 -25.94% "The Company intends to use the net proceeds from the O ...
GameStop slides again on move to sell shares after meme-stock rally
nypost.com· 2024-05-17 23:35
GameStop slumped 24% on Friday, after the struggling video game retailer said it would sell up to 45 million shares, taking advantage of the meme-stocks frenzy that took hold this week.The Grapevine, Texas-based firm logged its highest trading volume in three years so far this week, following a series of posts from Keith Gill’s X account “Roaring Kitty,” whose bullish calls on GameStop were a reason for the 2021 meme-stock frenzy.“Companies have also learned to take advantage of the market disruption with q ...
GME Stock Tumbles On Q1 Preview, Top Short Seller Returns; Robinhood Sees Major Upgrade
investors.com· 2024-05-17 21:09
GME stock and AMC shares retreated early Friday as the meme rally appeared set to further pare the week's gains. GameStop tumbled after releasing preliminary Q1 results and announcing plans to sell more stock. Meanwhile, a leading short seller from the 2o21 rally is betting against GME stock again. Elsewhere, Robinhood stock jumped on a major upgrade from BofA.X Robinhood Upgraded Times TwoBofA early Friday double upgraded Robinhood (HOOD) shares to buy from underperform, The Fly reported. Analyst Craig Sie ...
Gamestop is Heading Back to $10 or Lower
marketbeat.com· 2024-05-17 20:26
Key PointsGamestop gamed its market by announcing weak preliminary results for Q1. Gamestop announced a mixed-shelf filing that threatens dilution. The shares are moving lower and heading back to $10. 5 stocks we like better than GameStopGamestop NYSE: GME proved why it is a fool's game for investors. The company issued weak guidance and announced a share sale that has the market moving lower. The move lower is significant in light of the recent run-up in share prices. The meme-driven spike in shares sent t ...