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Gill posted a picture resembling a Time magazine cover from 2006 with a computer screen on social media platform X. Following his post, GameStop's shares spiked and traded as high as $30.87.
The value of his sizeable GameStop options holdings briefly slipped into the red on Tuesday when the stock tumbled by as much as 8%. As GameStop shares gyrate, Roaring Kitty faces ticking clock on ...
GameStop’s cash grab came right before the company reported preliminary financial results this morning, where it disclosed that first-quarter sales were down almost 20% year over year and it has ...
What's going on with GameStop's stock doesn't make sense to a lot of people. The struggling video game retailer's stock has been making stupefying moves this month, wild enough to raise concerns ...
This caused the GameStop stock price to rise from under $14 to over $48, though Gill's post did not mention GameStop. GameStop benefitted from this by issuing more stock at over $20, raising over $900,000,000. [207] [208] [209] Other stocks such as AMC, BlackBerry, Virgin Galactic also experienced major increases during this time period. [210]
Short interest on GameStop sits at around 24% of the float, according to S3 Partners data. "Including today's losses, GME shorts are now down -$1.34 billion in May month-to-date losses, and now ...
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Inflation, interest rates and recession risk have knocked stocks lower again. Alongside stocks, the crypto and non-fungible token (NFT) markets have cratered, too. Yet this latest market meltdown ...