The company, which is feverishly tracked by retail investors following a meme stock frenzy in early 2021 that sent its shares to dizzying levels, has been...
- Shares of GameStop, a widely watched meme stock, tumbled 10% in premarket trading on Wednesday after the video game retailer reported a bigger drop in quarterly revenue , questioning its ability to revitalize its business.
GameStop has raised a little over $3 billion through share sales in May and June, taking advantage of wild swings in its stock following bullish bets by Keith Gill, also known as "Roaring Kitty", who has been a key figure in the so-called "Reddit rally." GameStop's stock reached an intra-day peak of nearly $121 in January 2021 from about $10 a few days earlier, in a roller-coaster ride for investors before crashing nearly 90% in the following month.The X owner got slammed on his own platform for "peak weirdo" behavior after the pop star endorsed Kamala Harris.UK-based Vedanta Resources, parent of India's Vedanta, has raised $900 million in its first dollar bond issue in more than two years at a coupon of 10.
Premarket Trading Quarterly Revenue Keith Gill
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