Follow Invezz on Telegram , Twitter , and Google News for instant updates >GameStop Corp. announced on Friday that it expects a substantial decline in sales for the first quarter of fiscal 2024.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The company projects revenue to fall by approximately 28%, from $1.2 billion in the same quarter last year to a range of $872 million to $892 million. GME reduced net loss forecastCopy link to sectionDespite the a ...

This is breaking news. Please check back for updates.Shares of GameStop tumbled 10% in premarket trading Friday after the video game retailer said it plans to sell securities and reported preliminary results that showed a sales decline in the first quarter.The firm said it now expects net sales to be in the range of $872 million to $892 million, down from compared to $1.237 billion in the same quarter last year. The brick-and-mortar video game company has been grappling with stiff competition from e-commerc ...

GRAPEVINE, Texas, May 17, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE:GME) ("GameStop" or the "Company") today announced certain preliminary unaudited financial information for the first quarter ended May 4, 2024. On a preliminary basis for the 13-weeks ended May 4, 2024 compared to the 13-weeks ended April 29, 2023: Net sales are expected to be in the range of $0.872 billion to $0.892 billion compared to $1.237 billion in the prior year fiscal quarter.Selling, general and administrative ("SG&A") expenses ...

核心观点 - GameStop (GME) 股票在经历了一次大幅下跌后，再次出现大幅上涨，市场对GME股票的做空活动仍然活跃，可能引发新一轮的空头挤压 [1][2] 股票表现 - GME股票在一天内下跌超过35%，但在盘前交易中又上涨了近10% [1][2] 做空活动 - 机构投资者对GME股票的做空活动处于高水平，做空比例达到24%，涉及超过6400万股 [2] - Citron Research的创始人Andrew Left在2021年因做空GME遭受100%的损失后，本周再次开始做空GME，但这次做空规模较小 [3] 市场影响 - 最近的GME空头挤压导致做空者在前一交易周损失超过20亿美元，同时为GameStop的市场资本增加了超过30亿美元 [5] - 市场将观察这次空头挤压是否会有持续效应 [5]

Retail investor darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the excitement over the social media return of "Roaring Kitty," who was the central figure in the 2021 meme stock rally, fizzled out. Shares of the videogame retailer GameStop fell 17% to $32.60 after jumping as much as $64.83 this week. Theater chain AMC shed 11% following an 88% surge since Friday's close. Despite the losses on Wednesday, the two companies were among the top three most-traded shar ...

It’s been a whirlwind week for GameStop and other meme stocks, including AMC, with big swings followed by heavy selling, absent concrete news. Instead, the activity has been fueled by the return of social media investor "Roaring Kitty," also known as Keith Gill, who started posting on X after a three-year hiatus.  Ticker Security Last Change Change % GME GAMESTOP CORP. 32.98 -6.58 -16.64%AMC AMC ENTERTAINMENT 4.92 -0.56 -10.24% The extreme volatility has cost short sellers – those betting the shares will fa ...

GameStop (NYSE: GME) shares took a big hit in premarket trading on May 16, dropping further after already experiencing significant losses the day before. This suggests that the frenzy around the meme stock might be losing steam.The traditional video game retailer saw its stock fall by almost 16% in premarket. This comes after the company had already seen steep declines of 19% respectively in the previous day.GME stock 24-hour price chart. Source: Google FinanceJust earlier this week, GameStop had experience ...

This week will go down in market history as the return of Roaring Kitty. Keith Gill — known as Roaring Kitty on social media — the Massachusetts man credited with launching the GameStop (NYSE:GME) short squeeze of 2021, picked an interesting time to return to social media. After a long hiatus, he shared an apparently hand-drawn photo on X of a man playing video games, launching a meme stock frenzy. Unsurprisingly, both GameStop and AMC Entertainment (NYSE:AMC) quickly surged. After a solid two-day rally, sh ...

One of the top hedge funds in the world bought a sizable stake in GameStop just a few weeks before shares surged as much as 400% in the latest “meme stock” rally, a regulatory filing showed Wednesday.Renaissance Technologies, the quant firm founded by legendary investor Jim Simons, who died last week, bought just over 1 million shares of GameStop during the quarter ending in March, according to the securities filing.Assuming no changes in the position, the GameStop stake would be worth nearly $33.5 million ...

文章核心观点 - GameStop (GME) 股票在周三因纽约证券交易所的限制涨跌幅限制（LULD）而多次暂停交易，原因是其股价从最近的Roaring Kitty引发的涨势中回落 [1] 交易暂停原因 - GME股票因纽约证券交易所的限制涨跌幅限制（LULD）而暂停交易，该限制旨在管理股票的极端波动性 [1] - GME股票自市场开盘以来已暂停交易六次，预计在收盘前还会有更多暂停 [1] 股价表现 - GME股票在周一和周二的巨大涨幅后开始回落，原因是Roaring Kitty在社交媒体上的回归 [2] - 周三下午，GME股票下跌30.4%，成交量超过7300万股，而日均成交量约为1350万股 [2] 市场反应 - 尽管投资者希望重现2021年的模因股票热潮，但最近的涨势未能维持同样的势头 [2]