GameStop shares slumped 20% on Friday after the video game retailer announced a share sale to raise up to $3 billion even as its quarterly sales declined.
Read More GameStop spooks investors with share sale, results ahead of “Roaring Kitty” livestreamTag: Roaring Kitty
Massachusetts regulator probes ‘Roaring Kitty’s’ GameStop trades
GameStop shares surged after the stocks influencer “Roaring Kitty” returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
Read More Massachusetts regulator probes ‘Roaring Kitty’s’ GameStop tradesGameStop, AMC drop after two days of sharp rally on ‘Roaring Kitty’ effect
Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.
Read More GameStop, AMC drop after two days of sharp rally on ‘Roaring Kitty’ effectGameStop Stock Surges, Gets Halted For Volatility After Post From ‘Roaring Kitty’
GameStop’s stock price increased by up to 110% on Monday following the unexpected return of “Roaring Kitty,” a day trader who was instrumental in the 2021 “meme stock rally” on social media. This move put pressure on short sellers who had suffered a $1 billion loss as a result of the spike.
Read More GameStop Stock Surges, Gets Halted For Volatility After Post From ‘Roaring Kitty’