Tag Archives: GameStop

[unable to retrieve full-text content]GameStop stock soars 47% as ‘Roaring Kitty’ announces livestream, reveals $382 million unrealized gain  Yahoo Finance Source link

[unable to retrieve full-text content]GameStop stock gains more than 100% as meme-stock market returns with a vengeance  Yahoo Finance Source link

[unable to retrieve full-text content]GameStop soars as flag bearer ‘Roaring Kitty’ resurfaces, sparks meme stock rally  Yahoo Finance Source link

[unable to retrieve full-text content]GameStop stock soars over 70% as ‘Roaring Kitty’ revival reignites meme-stock bonanza  Yahoo Finance Source link

GameStop Chairman Ryan Cohen and CEO Matt Furlong promised to turn the gaming retailer into one of operational excellence and amazing store experiences while cashing in on new opportunities like crypto and NFTs. More than a year into their collective and rather secretive leadership, the entire experiment is beginning to look like an utter failure — underscoring longtime Wall Street concerns about the company’s business model such as too many costly physical stores in dying malls and shifts… Source link

GameStop (GME): The retailer missed on both the top and bottom lines as sales declined amid a gaming slowdown. Third-quarter net sales of $1.19 billion were down 8.5% from a year ago, driven by a 19% drop in software sales. GameStop reported losses of $94.7 million in the third quarter, its seventh quarterly loss in a row. Inventory was $1.13 billion, compared with $1.14 billion a year ago. Shares rose as much as 4% in extended trading on Wednesday. Rent the Runway (RENT): The company raised… Source link

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

Text size GameStop’s stock split will take effect this month. Justin Sullivan/Getty Images … Source link

Investing legend Bill Gross has been dabbling in the meme stock trade, notably its two highest profile names GameStop (GME) and AMC (AMC). “I simply think that the AMC and GameStop are lottery tickets,” said the Pimco co-founder in an interview with Yahoo Finance Presents. Gross — who just penned his own memoir called “I’m Still Standing: Bond King Bill Gross and the Pimco Express” — has been betting against GameStop and AMC using options. Explained Gross, “If you can sell options that are… Source link

GameStop (GME) shares fell 7% Thursday after the video game retailer reported lackluster fiscal fourth quarter earnings results. The company reported an adjusted operating loss of $160.7 million, compared to a profit of $28.9 million a year ago. The quarter was supposed to be a strong one since it includes the busy holiday shopping season when GameStop has historically made money. But instead the earnings results shed light on aggressive spending for strategic initiatives, such as plans for… Source link