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The move: GameStop stock jumped as much as 10% Friday morning to $28.97. The stock is down 8% year to date and is 76% below its record high, reached during the meme-stock craze of 2021 . The chart:
The company expects net losses to be between $27 million and $37 million, narrowing from the $50.5 million a year ago, as GameStop has cut operating costs significantly in the past year.
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.
AMC, another meme stock, jumped 75% Monday, while Reddit traded 9% higher. ... each other on and piled into the brick-and-mortar video game stock, and GameStop call options, between 2020 and 2021 ...
(Reuters) -Shares of videogame retailer GameStop surged nearly 75% on Monday after "Roaring Kitty", an account associated with a social media finance influencer credited with sparking the 2021 ...
The stock's 30-day implied volatility — how much traders expect the shares to move around over the short term — jumped to a 3-week high of 132%, up from 93% in the previous session, data showed.
The stock jumped as much as 20% after the bell on Thursday before giving back some gains. A social media post from GameStop CEO Ryan Cohen over the weekend sparked speculation over GameStop's ...
Gill, credited with igniting the meme stock rally back in 2021, is also known as "Roaring Kitty" on X and YouTube. Monday's surge came after GameStop rallied 180% over a span of two days back in ...