GameStop (NYSE: GME ) stock is sliding about 4.5% today after technical difficulties caused yesterday’s shareholder meeting to be rescheduled for June 17 . GameStop was supposed to host its virtual annual meeting of stockholders on Thursday, June 13, at 10:00 a.
m. Eastern. However, due to issues with the third-party hosting site, the meeting has been pushed back to Monday, June 17, at 12:30 p.
m. No business was conducted at this week’s meeting. According to Computershare (OTCMKTS: CMSQY ), the host in question, the technical problem prevented some investors from entering the call, and the meeting ended quite quickly upon the realization of the issue.
Apparently, the technical glitch was due to “unprecedented demand from shareholders” and the corresponding traffic from those attempting to access the meeting. Reasonably so, GameStop is back in fashion on Wall Street after Keith Gill, or “Roaring Kitty,” began posting about the stock on social media again after a multi-year hiatus. Since then, traders have been all over GME stock.
Indeed, over the past month, the stock has had an average trading volume of more than 83 million shares a day. GME Stock Continues to Fluctuate as ‘Roaring Kitty’ Continues to Tease Investors Since Gill returned to posting about GameStop in May, the stock has been on a virtual roller coaster. Indeed, Gill returned to posting on his X, formerly Twitter, account on May 13.
Just one day later, on May 14, GME shot up 180%. The stock has sin.