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The game store chain GameStop gained nearly 50 percent yesterday after Keith Gill, better known as Roaring Kitty or DeepFuckingValue, announced that he will be streaming on YouTube tonight for the first time in three years. Meanwhile, GameStop released its quarterly results, which put a damper on the celebration. Moreover, the chain is considering selling shares again. Pre-exchange shares tumbled.

In the news: GameStop shot up 47.45 percent on Thursday. Compared to a month ago - shortly before Gill reignited the share price with some cryptic tweets for the first time in years - the stock is trading about 180 percent in plus.

  • The game store chain gained ground after Gill announced a live stream on YouTube for tonight. It will start at noon New York time, or 6 p.m. Belgian time.
  • Expectations are already high. 19,000 people have already registered for the livestream. Currently, it is unclear why Gil will be streaming again after three years. According to some rumors, the influencer might announce that he will exercise his option position in GameStop.
    • Roaring Kitty had shared a screenshot on the social media platform Reddit earlier this month showing that he had bought about 100 million euros worth of GameStop shares. The screenshot also included 120,000 call options. Each option gave the right to buy 100 shares of GameStop stock at $20 each by June 21.
      • That post gave GameStop's stock another boost. The games retailer closed the first trading day of the week 30 percent higher.
    • So it would cost Roaring Kitty $240 million to exercise those options. That would make him - with a stake of about $500 million - the chain's fourth-largest shareholder.

Disappointing quarterly results GameStop

BUT: Pre-exchange, GameStop seemed to continue its boom, but quarterly results dampened enthusiasm. An hour before Wall Street's opening, the chain dropped about 15 percent. Before the release of the earnings report, the stock was still trading about 30 percent in plus

  • GameStop posted first-quarter sales of $880,000 million, up from $1.2 billion a year earlier.
  • The company did manage to contain its loss from $50.5 million during the first three months of last year to $32.3 million this year.

Also this: It wasn't just the results that disappointed shareholders. GameStop is also considering selling shares again.

  • A prospectus filed with the U.S. stock market watchdog SEC allows the game store chain to sell up to 75 million shares on the exchange. GameStop did the same in late May. The sale then raised nearly $1 billion.

Noted: Meanwhile, ETrade, the broker Gill uses, is investigating with owner Morgan Stanley whether the influencer is guilty of market manipulation. He is also said to be in the crosshairs of the SEC.

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