Reported 11 months ago
GameStop's stock dropped nearly 40% as the company announced plans to sell millions of shares, coinciding with a YouTube livestream featuring 'Roaring Kitty,' aka Keith Gill. Gill, known for his role in the 2021 meme stock rally, expressed confidence in GameStop's management during the stream. The stock, already on a decline after missing earnings estimates, halted trading multiple times. Gill's reemergence on social media has prompted investigations and speculation, with GameStop shares experiencing significant volatility in recent weeks.
Source: YAHOO