‘Roaring Kitty,’ Meeting Glitch Send GameStop on Wild Trip
- Stock sees double-digit percent swings in last 10 sessions
- GameStop shares are up 24% since the start of the month
A manic two-week stretch for GameStop Corp. investors — featuring an annual meeting kiboshed by a technical glitch and the company’s most visible stockholder shaking up his portfolio — has the stock price essentially back where it started.
Shares of the video-game retailer, which are up 24% since the start of the month, have seen double-digit percentage swings in each of the last 10 sessions. While that kind of volatility is somewhat par for the course in the world of meme stocks, GameStop’s catalysts were anything but typical. Take Thursday, when the shares jumped 14% despite technical difficulties forcing thousands of GameStop speculators to find unofficial Twitch, X and YouTube streams to tune into a meeting that was eventually adjourned before it really began.