GameStop stock halves premarket gains after a big revenue miss in Q1
) reported a much larger-than-expected revenue miss for the fiscal Q1 2024, causing its stock to more than halve the strong gains previously driven by retail investor Keith Gill, known online as"Roaring Kitty."
GME shares were up 16.8% in the Friday premarket, notably down from the 35% gain it saw just hours earlier. Better known as Roaring Kitty, Gill is best known for his GameStop stock analyses on the subreddit r/wallstreetbets. Posting under DeepF******Value on Reddit, his insights were pivotal in the January 2021 GameStop short squeeze and the ensuing meme stock trading frenzy.
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