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GameStop sinks on plans to issue more shares, stocks waver to end the week: Yahoo Finance

Yahoo Finance Video

GameStop (GME) plummeted more than 20% after announcing it may issue up to 45 million additional shares. The video game retailer also released first quarter preliminary results that show a decline in net sales from the same quarter a year ago. Overall, stocks (^DJI,^GSPC, ^IXIC) are relatively flat, but still on track to post weekly gains. Investors next week will start turning their attention to earnings from retailers like Macy’s (M) and Target (TGT) as well as tech giant Nvidia (NVDA). Trending tickers on Yahoo Finance include Reddit (RDDT), Robinhood Markets (HOOD), gold (GC=F), and Take-Two Interactive (TTWO).

Top guests today include:

3:05 p.m. ET - Bob Doll, Crossmark Global Investments CEO & CIO

3:40 p.m. ET - Ygal Arounian, Citi Analyst

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3:50 p.m. ET - Matt Bryson, Wedbush SVP, Equity Research, and William Stein, Truist Securities Managing Director

4:05 p.m. ET - Ryan Kelley, Hennessy Funds CIO, and Michael Reid, RBC Capital Markets U.S. Economist

4:30 p.m. ET - Kevin Davis, JLL Hotels & Hospitality Americas CEO