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GameStop falls 27% on potential share sale, other meme stocks falter By Sinéad Carew, Aaron Saldanha and Sagarika Jaisinghani Reuters (Reuters) - Shares of GameStop Corp lost more than a quarter of their value on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of names favored by retail investors. The video game retailer’s shares closed down 27.16% at $220.39, their biggest one-day percentage loss in 11 weeks. The drop came a day after GameStop said in a quarterly report that it may sell up to 5 million new shares, sparking concerns of potential dilution for existing shareholders.

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