Meme stocks slide as GameStop’s preliminary Q1 results spark another sell-off

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Meme stocks slide as GameStop’s preliminary Q1 results spark another sell-off

Meme stocks extended their losses on Friday, witnessing a sharp reversal after trading in the green in early premarket hours.The video game retailer said it expects Q1 net sales to range between $872 million and $892 million, notably below consensus estimates of $1.05 billion, and down from $1.237 billion in the year-ago period.GME shares tumbled 22% in premarket trade.Scan QR code to install app

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