GameStop tumbles 40% as 'Roaring Kitty' trader says little new about retailer on livestream
Publishing timestamp: 2024-06-07 13:40:48
Summary
Keith Gill, also known as "Roaring Kitty," hosted a livestream discussing his investment thesis in GameStop, reiterating his belief in the company's reinvention under CEO Ryan Cohen. He revealed his large stake in GameStop and discussed his call options, but offered little new reasoning behind his investment. GameStop shares were halted multiple times during the stream and ended the day down nearly 40% after the company announced a significant drop in sales and plans to sell more stock. Gill's livestream also impacted other meme stocks, with AMC Entertainment shares sinking around 14%.
Sentiment: MIXED
Keywords: breaking news: markets, gamestop corp, business news, united states, stock markets, markets,
Source: https://www.cnbc.com/2024/06/07/following-gamestop-action-during-roaring-kitty-livestream.html