The stock market held near highs into the jobs report. GameStop whipsawed on a planned share offering after releasing weak Q1 results early. That's after soaring on "Roaring Kitty." Read More...
GameStop spooks investors with share sale, results ahead of “Roaring Kitty” livestream
(Reuters) -GameStop posted a decline in quarterly sales and said it would sell 75 million shares, in a surprise move on Friday ahead of a much-anticipated livestream by meme stock influencer Keith Gill. Shares of the embattled video game retailer, which was expected to report results on June 11, fell almost 10% before the bell. Gill, the online stock influencer known as “Roaring Kitty”, a key figure behind the eye-popping rally in GameStop shares in 2021, posted on YouTube he would host a livestream at 12 pm ET.
Reuters•
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