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GameStop slides again on move to sell shares after meme-stock rally
GameStopGameStop(US:GME) 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 ...