GameStop's stock price has experienced drastic fluctuations. Can live streaming offset the negative impact of share dilution?

In the recent meme stock frenzy, GameStop released its Q1 earnings early and also reported that it may once again sell shares.

Before the U.S. stock market opened on Friday, GameStop (GME) fell more than 20% at one point, after previously rising nearly 36%. Reports indicated that GameStop may sell up to 75 million Class A shares.

Pre-market trading for GameStop:

After the market opened, GameStop has experienced intense volatility, fluctuating from a drop to a turnaround, then dropping over 20%, with a swing of nearly 40%:

The latest SEC filing from GameStop shows an application to sell up to 75 million Class A shares, with the proceeds intended for working capital and general corporate purposes. The company had previously sold 45 million shares, generating approximately $9.334 billion.

On the same day, GameStop announced its first-quarter financial report, with Q1 2024 revenue at $882 million, lower than the $1.237 billion in the same period last year and below the estimated $995.5 million;

Hardware and accessory sales decreased by 30.4% to $505.3 million; software sales decreased by 29.1% to $239.7 million.

Net loss was $32.3 million, compared to a net loss of $50.5 million in the same period last year, with the stock price turning from a rise to a fall after the earnings announcement.

During this round of meme stock frenzy, GameStop's stock price has been soaring, with "leading brother" Keith Gill previously revealing a significant investment in the company. Gill also plans to host a YouTube live stream on Friday noon local time, with expectations of even greater volatility for GameStop