GameStop plummets 40%, but ‘Roaring Kitty’ remains confident – ​​DiarioBitcoin

Despite a 40% drop in GameStop shares, Roaring Kitty reaffirms her confidence in the company.

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• GameStop experiences a 40% drop in its shares.
• Roaring Kitty reappears in a livestream, defending her positions.
• The company advances its quarterly results, showing losses.

The actions of GameStop They fell 40% in price this Friday, amid the reappearance of Keith Gill, known as “Roaring Kitty”, in a live broadcast on his YouTube channel.

Gill, an iconic figure of the “meme stock” phenomenon, appeared in his characteristic flamboyant style, confirming that he remains confident in GameStop and that recent posts on your accounts reddit and x They are authentic.

The reappearance of ‘Roaring Kitty’

Gill, originally from Brockton, Massachusetts, appeared wearing a headband, flashy sunglasses and a sling, while drinking beer in front of a screen with the web portal of Yahoo! Finance showing the stock chart GameStop.

“It’s been a while. I hope you are well“Gill said. “I forgot how to do this“he added. She confirmed that he is still the one handling his accounts and that he does not work with anyone else or hedge funds. “I am alive. More or less“, he commented between laughs. This is the first video to broadcast live since 2021.

During its transmission, the actions of GameStop They were suspended several times due to high volatility, reflecting the market’s sensitivity to their movements and statements. The broadcast lasted approximately 50 minutes, much less than his previous videos that used to last for hours.

Quarterly results of GameStop

In an unexpected move, GameStop advanced the publication of its first quarter results, recording a loss of USD $32.3 million, an improvement over the USD $50.5 million lost the previous year. First-quarter sales also fell to $0.9 billion, from $1.2 billion a year earlier.

Gill expressed his confidence in the CEO of GameStop, Ryan Cohen, stating that the company is in a stage of transformation and that he has faith in his leadership. However, he also warned traders to come to their own conclusions and not blindly follow others.

Reactions and Future Perspectives

The actions of GameStop have experienced sharp fluctuations in recent weeks, reminiscent of the frenzy of “meme actions” from early 2021. Gill’s reappearance on social media in May has revived some of that volatility.

Gill also mentioned that ETrade* is considering removing it from its platform, which adds another layer of uncertainty to its situation. Despite the losses, Gill confirmed that he has not sold any of his 5 million shares nor exercised his 120,000 call options for GMEmaintaining a total valuation of more than $300 million as of midday Friday, despite significant losses on the day.

The situation of GameStop It remains a rollercoaster for investors, with many awaiting the next moves of both the company and its key figures in the investment community. Meanwhile, a handful of tokens meme inspired by GameStop and Roaring Kitty soared this Friday amid rising GME.

Original image from DiarioBitcoin, free to use, licensed under Public Domain

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