Are you keeping up with the latest GameStop news? The annual shareholder meeting was recently disrupted by technical difficulties, causing frustration among attendees trying to access the event. This comes amidst a new meme stock craze that has seen GameStop stock surge 14.4% in another volatile session.
GameStop recently announced a successful $2 billion equity sale, with plans to use the funds for general corporate purposes. Traders are closely monitoring Roaring Kitty, a key figure in the online trading community, as his active selling could impact the stock price.
In a recent trading session, GameStop calls with a $20 strike price saw a significant increase in trading volume, with Roaring Kitty reportedly owning a large number of contracts. The price of these contracts dropped more than 40% during the session, leading to a sharp decline in the stock price.
The situation is evolving rapidly, with open interest on these calls declining and more contracts changing hands. Stay tuned for updates on how these developments could impact GameStop’s future performance.
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