Reported 11 months ago
GameStop Corp (NYSE:GME) experienced a volatile Monday trading session, with shares showing signs of a possible rebound after a 39% drop last Friday due to disappointing fiscal first-quarter earnings results and a lackluster livestream by investor Roaring Kitty. Despite the company's financial struggles, investor Keith Gill reiterated his support for CEO Ryan Cohen. GameStop also disclosed plans for an at-the-market offering program to sell 75 million shares, contributing to the $933 million raised from the 45 million shares sold last month. The stock closed down by 3.05% at $27.36 on Monday, showing ongoing investor interest and trading activity.
Source: YAHOO