Meme stocks, including AMC Entertainment Holdings, Inc. (NYSE:AMC) and Tupperware Brands Corporation (NYSE:TUP), are trading lower Friday as GameStop Corporation (NYSE:GME) shares tumble following the early release of its first-quarter financial results and filing for a stock offering.
What To Know:
GameStop released its first-quarter results ahead of schedule Friday and reported net sales of $881.8 million, down from $1.237 billion year-over-year and below the consensus estimate of $995.3 million.
GameStop also filed a prospectus with the SEC for the sale of up to 75 million shares. Before this filing, ...