The Latest Breaking News from GameStop

This week we have several news releases and other headlines to watch out for with the biggest potential mover being the FOMC release on Wednesday.

This week we have several news releases and other headlines to watch out for with the biggest potential mover being the FOMC release on Wednesday.

Keith Gill claimed during a YouTube live stream that he is not working with anyone on his recent GameStop trading crusade.

Not surprisingly, GameStop reported terrible Q1 2024 results Friday morning before the open. GME stock was down more than 20% in premarket trading. Thursday, the company's options volume was 1.53 million, 2.8x the 30-day average. That provided lots of unusually active options.

GameStop shares were already lower Friday after an early earnings release and news of another stock offering, but fell further after Roaring Kitty's livestream.

GameStop shares fell after a decline of 29% in sales was reported amid anticipation for "Roaring Kitty's" YouTube livestream.

The brick-and-mortar retailer surprised with a plan to sell up to 75 million newly issued shares for no specific reason, sending the stock tumbling back to earth.

GameStop’s (GME) preliminary first-quarter 2024 results reveal a drop in net sales and significant losses. The retailer faces challenges from reduced demand for physical games and heightened competition from e-commerce giants. Let’s find out if GME can weather the storm and sustain momentum in the gaming sector. Read more.

According to analysts on Wall Street, GameStop and these three other sell-rated stocks remain high-risk investments.