📌GameStop loses almost 20% in pre-market after yesterday's meme stocks rally

GameStop (GME.US) shares are down almost 20% today, before the US market open, as a hawkish NFP report pressured Wall Street and strengthened the US dollar, trimming risk appetite and traders sentiments. What's more, the company presented today weak Q1 earnings and will sell another 75 million shares, diluting shareholders by approximately 20% (previously, in May it was 45 million shares).

Net sales fell by -29% YoY to $882 million vs $995 million in Q1 2023
Adjusted loss per share came in -$0.12 vs -$0.9% exp. (but with little lower net loss of $32.3 million vs $50.5 million in Q1 2023)
SG&A expenses in Q1 were down -15%
GME will not hold any investor's or press conference today

Yesterday GME risen more than 47% as popular trader and Reddit's Wall Street Bets idol, Keith Hill 'Roaring Kitty' revealed huge, unrealized gains of $382 million on GME shares and options, with more than 200% cumulated return from it. What's more, Roaring Kitty will make YouTube livestream on Friday (at noon ET - 5 PM BST), which fuelled traders optimism about future speculative rally not only in GME but on the entire meme stocks market. Previously, GameStop rallied 180% over a span of two days in May as Roaring Kitty came back on X, first time since 2021 meme stocks rally.

28 May 2026, 7:12 PM

Daily Summary: Is the End of the War Drawing Near? (28.05.2026)

28 May 2026, 4:00 PM

Nasdaq climbs on software rebound 📈 Is the Wall Street rally far from over?

28 May 2026, 3:04 PM

Is Barclays reassuring investors about Ferrari shares❓

28 May 2026, 3:03 PM

Photronics shares slump 30% amid weak Q1 earnings report 📉

Stocks

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days