What's Going On With GameStop Stock Tuesday?
Portfolio Pulse from Adam Eckert
GameStop Corp (NYSE:GME) shares are trading lower on Tuesday after a significant rally on Monday. The surge was driven by Keith Gill, also known as 'Roaring Kitty,' who posted a $116 million position update on Reddit. Gill's actions have led to discussions at E-Trade about potential market manipulation. GameStop is also set to report its first-quarter financial results on June 11, with expectations of a loss of 9 cents per share and revenue of $1.05 billion.
June 04, 2024 | 1:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
GameStop shares are down 5.89% after a 21% rally on Monday, driven by Keith Gill's $116 million position update on Reddit. E-Trade is considering banning Gill for potential market manipulation. GameStop will report Q1 results on June 11, with expected losses.
The stock's decline follows a significant rally, indicating volatility driven by Keith Gill's actions. E-Trade's potential ban on Gill for market manipulation adds uncertainty. Upcoming Q1 results with expected losses could further impact the stock negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100