GameStop (GME) sank to session lows on Friday afternoon following the conclusion of the much anticipated livestream appearance of investor Keith Gill, and after the video game retailer filed to sell up to 75 million shares and released its quarterly results earlier than anticipated.
The stock sank as low as 40% in afternoon trading. It was halted for volatility at least 17 times throughout Friday’s session.
More than half a million watchers tuned in to Gill, credited with sparking the meme stock frenzy more than three years ago.
“Crazy stuff going on these days, can you believe it’s me?” said Gill, dressed in a white t-shirt, sunglasses, and a headband with bandaids on it.
Gill, also known by the online aliases ‘Roaring Kitty’ and ‘Deep F—ing Value’ reiterated some of the same bullish points he has made in the past about GameStop.
“It becomes a bet on the management,”…
