GameStop stock gets slammed by early earnings release, 75 million share sale

📆 01/12/45 04:54 م
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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 at-the-market prices After Gill announced on Thursday that he would return to YouTube from whence he single-handedly launched his meme stock revolution in 2021, shares of the videogame retailer shot up...

GameStop files to sell 75 million shares of GME. GME stock drops 18% in Friday premarket. GameStop reports major Q1 misses on top and bottom lines. Keith Gill, aka Roaring Kitty, set to launch livestream on YouTube at 12:00pm EST.

93 billion in 2022 but has been falling over the past decade as physical game purchases have been declining in favor of digital downloads directly from hardware providers like Sony’s Playstation, Microsoft’s XBox, Nintendo and the Steam platform. The company trades under the GME symbol on the New York Stock Exchange.

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