Stock Track | GameStop Plummets 5.03% as Meme Craze Cools
In the pre-market session on Friday, shares of GameStop Corp. plummeted 5.03% amid waning interest from retail investors in the meme stock frenzy.The video game retailer's stock had surged earlier this week after the popular Reddit trader "Roaring Kitty" made a cryptic social media post, fueling speculation of another potential short squeeze. However, the hype around GameStop and other meme stocks appears to be fading, leading to profit-taking by investors who had piled into the trade.GameStop'
GameStop Reports Third-Quarter Profit on Spending Cuts
$GameStop(GME)$ reported a third-quarter profit on Tuesday as the videogame retailer ramps up its cost-saving efforts, including shutting stores and selling higher-margin goods.CEO Ryan Cohen told inv