GameStop meme stock mania is SEC's bad dream on repeat
GMEGameStop(GME) Fox Business·2024-06-18 22:21

GameStop investors got another news dump on Monday, this time from the company at its annual shareholders meeting. CEO Ryan Cohen told investors the video game retailer plans to "continue reducing costs and focusing on profitability," without elaborating. Shares fell 12% and slipped further on Tuesday, but are still up over 100% this quarter amid extreme volatility. Much of the gains have been driven by retail investor "Roaring Kitty" who disclosed an update to his GameStop holdings in early May, after a th ...