GameStop's stock has experienced significant volatility following its annual meeting, which failed to provide new strategic details. The stock fell by 12% after the meeting and continued to slide by 2.6% in pre-market trading, and by 1.7% as investors digested the short annual meeting. CEO Ryan Cohen emphasized that the company's share offerings provide a strategic advantage to its balance sheet. Despite the recent downturn, GameStop holds approximately $4 billion in cash, positioning it to potentially repurchase a substantial portion of its shares if the stock price drops further. The stock has also seen a notable reversal and increased activity in options trading, with implied volatility spiking over 1000%. The future of GameStop remains uncertain as investors await further developments, including updates from prominent investor Roaring Kitty. The stock is currently priced at $23.
GameStop (NYSE: $GME) currently holds a significant amount of cash on its balance sheet, totaling approximately $4 billion. If the stock price were to drop to $20 per share this week, the company would have the financial capacity to repurchase a substantial portion of its…
so far ... $GME https://t.co/D98V9NTCXz
That close though... 😮💨 $AMZN https://t.co/wyrBbJIcnC https://t.co/Hl2090JiEf
$AMZN nice little rebalance + close
Waiting for Roaring Kitty to post an update to his GameStop $GME holdings https://t.co/qPjkuBekWr
$AMZN breaking!! https://t.co/ejlxOIL5B9
$GME -7% on daily lows as the markets approach the quadruple witch close along with a massive rebalancing. -GameStop shares are .40c away from @TheRoaringKitty's average price
$GME is not having a great day https://t.co/Zq3xYPzHZP
It's a waiting game $GME https://t.co/6v6FFPunX1
54.97% of today's GameStop $GME volume has been Off Exchange. 🤯 https://t.co/AIecEsqdEF
$GME so close... https://t.co/OCwRknXmnO
GameStop, $GME, is mentioned in the Archegos trial: https://t.co/pE91p0G4zx
$AMZN I repeat $200 coming
Where is Roaring Kitty? https://t.co/wSwbQknflS
Where's Roaring Kitty?
And a quick call on $AMZN as well https://t.co/5uB8uFs28o
$AMZN day #2 187s ❤️😘 https://t.co/5HKRnFy6kN
$AMZN lets break 190+ today
How many halts will $GME have today?
$AMZN feeling perky lately. ATH’s time? https://t.co/VwKk6THMJu
$AMZN beautiful close. ❤️ https://t.co/5HKRnFyEal
knock knock ... $GME https://t.co/XInO3t1uw8
I’m relatively surprised at the lack of volatility in GameStop this week. I have no position, other than curiosity about what happens with Roaring Kitty’s options. https://t.co/pkPDqSwNQq
the GameStop $GME community right now: https://t.co/8p1FZ8RlVg
$GME needs to push up towards $30 or it could head for $20 which would be a good bounce zone imo https://t.co/p4xbgW9Bct https://t.co/PBZZ9YSQ3C
GameStop Sinks as Meme Stock Trader Roaring Kitty Goes Quiet ► https://t.co/mlxNdOWj5H https://t.co/mlxNdOWj5H
GameStop as the next Warren Buffett/Berkshire Hathaway? @JeffMacke and I ponder it on @YahooFinance https://t.co/J43ehoR8yP $GME
$AMZN staying strong at highs while $AAPL selling off to lows, lots of rebalancing and rotation next few days
$amzn finally woke up
$GME looks ready https://t.co/xwtWjZx3av
NICE REVERSAL ON GAMESTOP $GME https://t.co/T29gqOTRIi
HUGE REVERSAL ON GAMESTOP $GME
Take a look at this. GameStop, $GME options are going wonky. The $125 calls expiring tomorrow (!!!) have over 1000% IV. They spiked from 650% IV yesterday to 1127% IV today, a sellers dream. $GME skew & implied smile is on UW, and you can alert + tracking its vol changes easy https://t.co/XnfzhwnnzB
where do you check $GME and $AMC? https://t.co/KKPY76z62a
where do you check $AMC and $GME? https://t.co/YEVJVDFI5y
GameStop $GME HODLERS: https://t.co/6uuNpz0v1P
GameStop, $GME is up +4.36% in the German Market 🚀 https://t.co/LTx9OYiI2Q
$AMZN you can do it !! https://t.co/4KpFSc8Gnz
Waiting for Roaring Kitty to post an updated GameStop, $GME PnL. https://t.co/A2DT58O9VZ
Call is now 2.5 dollar. Magic 😂 https://t.co/p1wgLEgg81
What's your take on $GME? @GameStop @ryancohen https://t.co/9ZxkjTliK5
Waiting for $GME to trade $40 so my CALLS will print. https://t.co/FeOFpMwtMd
PMT explains Roaring Kitty and GameStop https://t.co/z4dGwgh7OX
why not $GME? sad ha! https://t.co/bsyrdsI2ue
GameStop Flat as Meme Stock Craze Powers Down ► https://t.co/oyoWmrDy3g https://t.co/oyoWmrDy3g
GameStop HODLERS: https://t.co/UCC6dvh1co
GameStop’s stock slides 1.7% as investors digest short annual meeting https://t.co/JqEI3ITwUW
$GME call given by me at 2 is now 3 dollar.
$GME call given by me at 2 is now 3 dollad.
Gamestop $GME short squeeze 2.0 https://t.co/LH58cE8HH5
Wow, big reversal on GameStop just now $GME https://t.co/NFlRsybR4X
$GME is not only a well shorted stock but it’s also a well hated stock. Those in power hate $GME and those who own it- everyday American, the common man. Future of $GME is a referendum on future of American. Now $23.
$GME is not only a well shorted stock but it’s also a well hated stock. Those in power hate $GME and those who own it- everyday American, the common man. Future of $GME is a proxy on future of American. Now $23.
How many times is $GME getting halted today!?
$GME | GameStop Shareholders Meeting Highlights: 'Actions Speak Louder Than Words,' Says CEO Ryan Cohen Ryan Cohen said GameStop's share offerings help provide a strategic advantage to the balance sheet. 1/2
GameStop reawakened the “meme stock” animal spirits twice since May, spurred by a well-known Reddit user who set off the first frenzy in 2021. Here's what these stock frenzies are about https://t.co/JHIWLFgjSy
$GME (-2.6% pre) GameStop closed more than 12% lower after annual meeting fails to offer details on firm’s strategy - CNBC https://t.co/py2Ajlg9S3
GameStop Stock Falls Further. Its Annual Meeting Failed to Reignite the Meme Rally. https://t.co/0yGvLh360U