GameStop, Upstart Holdings among premarket losers' pack

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• IT Tech Packaging (ITP) -57% on effectiveness of reverse stock split.
• American Rebel Holdings (AREB) -16% on pricing $13M securities offering.
• Upstart Holdings (UPST) -16% after cuts Q2 net loss, revenue guidance below estimates.
• Grove Collaborative Holdings (GROV) -11%.
• GameStop (GME) -5% after CFO exit, looming layoffs.

Comments

[Gunne]

I feel like...

gifgifmagazine.com/...

Be 💪 #GME

And DRS

seekingalpha.com/...

No financial advice.

[DadRuss72]

GameStop. 🙄 just a matter of time before it’s at $5 again.

[FailedToDeliver]

@DadRuss72 People have been saying this for over a year. Look at the deep ITM PUT OI. Easily 300% of SI hiding in there. Keep learnin’, bud.

[bul.rider]

@DadRuss72 Store closings, layoffs, store and website traffic down, NFT a big nothing, huge losses, counting on 'collectibles' like shower curtains and grilled cheese makers to turn things around...
GameSears

[Seeking Greater Fools]

@FailedToDeliver So have the countless predictions of GME going to the moon and the MOASS. News keeps getting worse and splits are nothing but a distraction. Apes keep buying every dip, but the bagholders can't keep it up forever. Pretty soon it's only going to be @Gunne talking to himself on the GME boards.

[Clark158f1]

GME has not given a specific warning yet but its now obvious things are going terribly in their stores.

I'm expecting much larger than expected losses to be reported.

[bul.rider]

@Clark158f1 Those actions - execs departing suddenly, job reductions, store closings, do not speak well for the future of any company. Sears / Kmart tried that all the way down to almost nothing. Website and store traffic are DOWN, margins are DOWN, and NFT is a big yawn.
Bullish!