GameStop’s stock price plunges about 20% after meme stock surge
The video game retailer’s GME stock dropped back to Earth after the company announced plans to sell new shares and lowered its sales forecasts.
Roaring Kitty‘s meme stock revival may have come to an end. Shares of GameStop, after surging for the past week following the breaking-of-silence by investor Keith Gill, fell back to Earth Friday, losing close to 20% of their value.