NEW YORK — Gamestop’s CEO Ryan Cohen said the struggling video game retailer will focus on cutting costs and long-term profitability in an annual shareholder meeting Monday. Cohen added this would involve a “smaller network of stores” — suggesting that more store closures could be in sight. No further details […]
GameStop
By Suzanne McGee, Priyanka G -Shares of GameStop tumbled on Monday after CEO Ryan Cohen told investors that the videogame retailer plans to operate a smaller network of stores and gave no details on what it plans to do with its cash pile. GameStop shares were down 13.4% at $24.86 […]
– Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill’s return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer. Gill, known on YouTube as “Roaring Kitty,” held his first livestream in three […]
GameStop Corp. shares rallied in late trading after the retail trader favorite announced it brought in nearly $1 billion from a share sale program. The video-game retailer capitalized on a flurry of trading earlier this month by selling 45 million shares to raise roughly $933 million, according to a statement […]
May 14 – Retail darlings GameStop and AMC soared on Tuesday, as posts from “Roaring Kitty” Keith Gill raised chatter about the return of the central figure behind the 2021 meme stock frenzy. Shares of the video game retailer jumped 70% to its highest level since June 2021, while those […]
-Retail darlings GameStop and AMC soared on Tuesday, as posts from “Roaring Kitty” Keith Gill raised chatter about the return of the central figure behind the 2021 meme stock frenzy. Shares of the video game retailer jumped 70% to its highest level since June 2021, while those of the world’s […]
GameStop and AMC Entertainment have again captured retail investors’ attention, reminiscent of “the meme stock frenzy” that gripped Wall Street three years ago, following social media posts from the leading figure behind that rally “Roaring Kitty”. Here is what you need to know about the recent surge in meme stocks: […]
Gill’s dormant account sparked interest when a post surfaced featuring a man leaning forward with what appeared to be a gaming controller, prompting speculation of his comeback to the trading scene. In 2021, Gill gained notoriety for rallying day traders on Reddit to squeeze GameStop short sellers. The response to […]