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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.
GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of $20.74 each. Its shares were currently trading at $21.93.
GameStop stock rocketed higher after a YouTube account believed to be tied to investor Keith Gill, also known as "Roaring Kitty" on social media, posted a livestream scheduled for Friday at noon ET.
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.
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 ...
GameStop stock sank nearly 40% Friday in highly volatile trading as GameStop filed to sell millions of shares — and more than half a million viewers tuned in for a much anticipated YouTube ...
GameStop fired its CEO Wednesday with no explanation and abruptly canceled its earnings call, pushing at least one Wall Street analyst to reiterate a view the video game retailer remains "doomed."
GameStop’s share price leaped 40 per cent before Monday's opening bell on Wall Street – all because an infamous web forum user posted on social media.. The memestock was given a jolt of life ...