Nvidia stock rises after it begins trading on a split-adjusted basis, Advanced Micro Devices is downgraded, and Elliott Investment Management has built a stake of around $1.9 billion in Southwest Airlines.
On Friday, GameStop Corporation (NYSE: GME) failed to show signs of an operational turnaround as it delivered its fiscal first quarter results earlier than expected, previously saying they will be issued on June 11thafter market close. The unexpected and dismal results only hours before meme-stock influencer Keith Gill, better known under an alias “Roaring Kitty”, held its first livestream in three years after helping ignite a meme stock rally, to which more than half a million viewers tuned in.
GameStop Corp (NYSE:GME) shares were trading higher in the premarket in a volatile Monday session, indicating a possible rebound. Last Friday, the stock closed lower by 39% after the company reported fiscal first-quarter earnings ahead of its schedule and Roaring Kitty held a live stream. While many were looking for an updated thesis on why Gill is investing heavily in GameStop once again, several investors were left with more questions after the stream. The livestream ended up being disappointi