- Reuters
GameStop tumbles for second day as meme-stock rally fades
A key figure behind an eye-popping rally in GameStop in 2021, Gill joked about memes and interspersed his discussion of GameStop with several disclaimers in a livestream that by Monday had over 2.4 million views on YouTube. On Monday, GameStop shares sank about 15% to $24.06, following a dive of nearly 40% on Friday after the company reported a drop in quarterly sales.
- Benzinga
Market Stays Flat As Investors Anticipate Key Economic Events; Energy Stocks Lead Gains, Regional Banks Decline: What's Driving Markets Monday?
Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and Fed meeting this Wednesday. U.S. stocks have erased early session losses sparked by rising volatility in Europe after the latest Parliamentary elections revealed increased support for far-right parties and Emmanuel Macron’s surprising call for snap elections in France. The S&P 50
- Barrons.com
GameStop Stock Is Tumbling. Brace for Another Volatile Week.
GameStop stock spiraled lower Monday after a wild week that culminated in a livestream from investor Keith Gill, also known as Roaring Kitty. It also said in a filing with the Securities and Exchange Commission on Friday that it was selling up to 75 million shares of the company’s stock. Trade in so-called meme stocks had been reinvigorated this week after a series of posts from Gill showed his position of 5 million shares and 120,000 call options that expire on June 21 with a $20 strike price.
