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GameStop's first quarter came in worse than Wall Street had hoped, with revenue of $1.24 billion coming in short of analysts expectations for $1.34 billion. Shares of GameStop fell nearly 20% at ...
Investors pushed the stock price down more than 20% in after-hours trading, continuing a roller-coaster ride that started in early 2021 when retail investors piled in to prove hedge fund betting ...
The company's shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9% in premarket trade on Monday after GameStop said Sherman would resign on or before July 31 and that it ...
The quant fund founded by the late Jim Simons cut its Tesla stake by 86% and halved its Nvidia wager. RenTech boosted its GameStop position by more than 40% to 1.9 million shares.
Shares of GameStop fell sharply Thursday after the company fired CEO Matthew Furlong, the former Amazon executive who was brought in two years ago to turn the struggling video game retailer around.
GameStop raised $933 million by selling shares to cash in on a meme stock rally last month, when the stock doubled in value, and raised an additional $2.14 billion earlier this month.
GameStop, of course, was the original meme stock and remains popular with members of Reddit’s r/wallstreetbets community. Shares at the start of 2021 traded for less than $20, eventually spiking ...
(Reuters) -GameStop fell about 19% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the ...