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International Business Times
International Business Times
Business
Ann Resuma

GameStop Shares Take a Big Hit Amid 'Roaring Kitty' Anticipation

Roaring Kitty GameStop Keith Gill CNBC

"Meme stock" darling Gamestop saw its shares drop by nearly 30% in premarket trading and continued to fall Friday on Wall Street. As of 11:15 a.m. ET, GameStop shares fell by 26% after the video game retailer posted a decline in sales, sending stocks into a nosedive.

The disappointing news on the store's earnings report far outweighed the excitement in anticipation of "Roaring Kitty's" YouTube livestream. "Roaring Kitty," whose real name is Keith Gill, is a trader and one of the notable figures in the famous "meme stock" rally of 2021.

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