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A GameStop store in 2014. GameStop, an American chain of brick-and-mortar video game stores, had struggled in the years leading up to the short squeeze due to competition from digital distribution services, as well as the economic effects of the COVID-19 pandemic, which reduced the number of people who shopped in-person.
The stock surged 25% on the news. Typically, investors would expect the stock price of a company issuing new shares — which dilute the value of current holdings — to decline after a stock sale.
Since hitting a high of $64 per share in May 2024 amid a meme stock trade revival, GameStop shares have since slumped and are off about 15% in the past month. The company has yet to report fourth ...
GameStop stock tanked more than 18% Wednesday as a rally among meme names showed signs of fading.Shares of the video game retailer are coming off a two-day short squeeze. GameStop stock gained ...
GameStop stock rose nearly 60% on Tuesday, adding to a meme-fueled rally that sent shares of the video game retailer up 74% in the prior session. The rise in GameStop was also accompanied by a ...
GameStop is cashing in after a meme stock boom sent shares flying as high as 350% this month—and it’s leaving investors holding the bag, just as the company reported disappointing quarterly ...
GameStop Corp (NYSE:GME) shares were trading higher in the premarket in a volatile Monday session, indicating a possible rebound. Last Friday, the stock closed lower by 39% after the company ...
The stock surged 25% on the news. Typically, investors would expect the stock price of a company issuing new shares — which dilute the value of current holdings — to decline after a stock sale.