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Shares of GameStop were little changed on Friday as investors in the video game retailer awaited new insight into the company come Monday.
Shares of GameStop fell 1.4% to $28.70 on Friday, after trading slightly lower at $28.46 in after-hours trading at the time of writing. Earlier in the week, shares in the video game retailer popped as high as $33.70 on Wednesday.
It was a shareholders meeting. It's late After a technical glitch on Thursday, fans and investors were denied access to the company's call. Later, the company press release The meeting will be held on Monday around noon Eastern time.
Overwhelming demand caused servers to crash, Computer Share, the stockbroking company scheduled to host the GameStop meeting, confirmed. CNBC. Attendees listened raptly for an hour before the meeting was “immediately adjourned.”
In the year The emergence of online GameStop fanatics as a real phenomenon in 2021; Speculation abounds. That businessman Keith Gill, known online as Roaring Kitty, may be appointed to the company's board of directors at the adjourned meeting.
On Thursday, the meme stock influencer revealed his position earlier in the week. It has changed significantly. Looking to sell or exercise call options on the millions of dollars he holds in GameStop, Gill said on his Reddit account that he owns 9 million shares—almost double the 5 million shares he previously held.
Valued at $262 million in the latest “YOLO Update,” Gill's 9 million GameStop shares make him one of the stock's largest owners. For example, he owns more shares in video game retailers than institutions like State Street, Charles Schwab Investment Management and Bank of New York Mellon. Yahoo Finance.
Gill's return to live on YouTube last Friday about GameStop surprised the interest More than 700,000 viewers, who is seen talking about the company, cautiously, for the first time in years. Moments before Gill spoke, shares had slipped to $32.
“It's what it is. What can I do? Gill said at the time, later taking a jab at himself on Monday and suggesting he had He could be a billionaire. If the price goes up.
Edited by Andrew Hayward.
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