GME stock

2024 - 6 - 7

GameStop (GME) Shares Plummet as Company Plans to Sell 75M New Shares

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GameStop's rollercoaster ride: from meme stock rallies to sharp revenue declines and surprise sales announcements.

GameStop's (GME) recent rollercoaster journey continues as the company plans to offer 75 million new common shares, causing a stir in the stock market. The video game retailer, known for its volatile stock performance, reported a significant drop in sales and a substantial net loss in its fiscal first-quarter results. Despite the anticipation around a popular meme trader hosting a GME stream, the stock took a hit after the sudden release of Q1 results. The market reacts to GameStop's strategic move to sell more shares and the overall uncertainty surrounding its performance.

On the flip side, Roaring Kitty's influence on GME stock faces skepticism as the retailer reveals weak foot traffic and an upcoming share sale. The company's announcement of a prospectus supplement to sell 75 million shares aligns with its Sales Agreement with Jefferies LLC. GameStop's stock price braces for impact as investors brace for the fallout of this latest development.

In a surprising turn of events, GameStop's revenue for Q1 plummets by 29% with a net loss of $32.3 million. This marks a challenging period for the company as it navigates through a changing retail landscape. The meme crowd favorite grapples with market expectations as it strives to maintain its position amidst ongoing financial challenges. As GameStop's stock continues to face volatility, all eyes are on how the retailer will navigate through the aftermath of its recent sales and financial performance.

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GameStop (GME) files to offer 75M common shares (StreetInsider.com)

GameStop (NYSE: GME) disclosed: We previously entered into an Open Market Sale AgreementSM, or Sales Agreement, with Jefferies LLC, or Jefferies, on May 17, ...

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GameStop shares give up rally after retailer reports 29% sales ... (CNBC)

GameStop reported its fiscal first-quarter results Friday, showing a steep decline in sales along with a loss on the bottom line.

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GameStop Stock Tanks On Surprise Q1 Release (Investor's Business Daily)

GameStop stock unraveled early Friday after the video game retailer unexpectedly moved up its Q1 release. Key meme trader to host GME stream.

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GameStop (GME) to Sell Up to 75M New Shares (StreetInsider.com)

GameStop (NYSE: GME) previously entered into an Open Market Sale AgreementSM, or Sales Agreement, with Jefferies LLC, or Jefferies, on May 17, 2024, ...

GameStop shows sharp revenue decline and will look to sell more ... (Morningstar.com)

By Emily Bary. GameStop's stock erases earlier premarket gains as Roaring Kitty readies for livestream. GameStop Corp. reported a sharp decline in revenue ...

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GameStop Releases Q1 Results Ahead Of 'Roaring Kitty' Event ... (Yahoo Finance)

Video game retailer GameStop Corp (NYSE:GME) stock released its first-quarter 2024 results early Friday ahead of its scheduled June 11 date.

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GME Earnings: GameStop's Revenues Plunge in Q1 (TipRanks)

GameStop (NYSE:GME) declined in pre-market trading after the meme crowd favorite reported its first-quarter results. The video game retailer saw its ...

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GameStop (GME) Reports Q1 Revenue of $0.88B, Net Loss of $32.3M (StreetInsider.com)

GameStop Corp. (NYSE: GME) today released financial results for the first quarter ended May 4, 2024. The Company's condensed and consolidated financial ...

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GME (GameStop) Earnings Preview: Can Gaming Sector ... (StockNews.com)

GameStop Corp.(NYSE:GME): GameStop's (GME) preliminary first-quarter 2024 results reveal a drop in net sales and significant losses.

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GameStop stock drops 20% after a big Q1 sales miss, share sale (Investing.com)

GameStop (NYSE: NYSE:GME) reported a much larger-than-expected revenue miss for the fiscal Q1 2024. Moreover, the company filed to sell up to 75 million ...

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GME Stock Alert: GameStop Posts Sales Drop as Foot Traffic Weakens (Investorplace.com)

Roaring Kitty's efforts to manipulate GME stock may end in tears, as GameStop pre-announced a loss and planned to sell more shares.

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GameStop (GME) Stock Price Braces For Fall As 75M Shares Selloff ... (Coingape)

GameStop has recently filed a prospectus supplement with the U.S. SEC to sell 75 million of its shares, aligning with an Open Market Sale Agreement.

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GameStop stock gets slammed by early earnings release, 75 million ... (FXStreet)

GameStop (GME) has once again rained on Keith Gill's parade as executives disclosed a plan to sell as many as 75 million shares of the stock in ...

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GameStop Stock Plunges as Roaring Kitty Livestream Kicks Off (Kiplinger's Personal Finance)

GameStop shares are sinking Friday after the company released earnings early and announced another stock offering ahead of Roaring Kitty's livestream.

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GameStop Files to Sell an Additional 75 Million Shares of GME Stock (Investorplace.com)

GME stock is in the red after reporting its Q1 earnings results early and announcing a 75 million at-the-market share offering.

GME Stock Drops 40% as Keith Gill Livestream Concludes (tastytrade)

GameStop falls during and after Roaring Kitty's YouTube livestream. Where next for the meme stock?

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GameStop Leads Meme Stock Volatility Ahead Of 'Roaring Kitty ... (Forbes)

Shares in GameStop, AMC Entertainment and other meme stocks were on a rollercoaster during premarket trading Friday after “Roaring Kitty,” the finance ...

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GameStop Stock Sinks After Unexpectedly Releasing Results ... (Investopedia)

GameStop unexpectedly announced first-quarter fiscal 2024 results before the bell Friday, adding to the stock's recent volatility.

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GameStop tanks almost 40% as 'Roaring Kitty' fails to spark ... (Reuters)

Stock influencer Keith Gill's first livestream in three years failed to spark enough investor enthusiasm in GameStop on Friday to reverse a nearly 40% slump ...

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GameStop (GME) to Sell Up to 75M New Shares (StreetInsider.com)

GameStop (NYSE: GME) previously entered into an Open Market Sale AgreementSM, or Sales Agreement, with Jefferies LLC, or Jefferies, on May 17, 2024, ...

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