quarter that from a legal and corporate governance perspective they would likely be obligated to preannounce some highlevel financial information for the quarter and that cant be prepared in just a week said david erickson a finance lecturer at the university of pennsylvanias wharton school who was previously cohead of global equity capital markets at barclays plcamc american airlinesother companies in the midst of the reddit frenzy whose financial quarters finished at the end of december and had already updated investors on their latest financial performance were able to sell stock when their shares rallied at the end of januaryamc whose movie theater business has been hurt by the pandemic raised roughly 12 billion through debt and equity deals after its shares rallied more than 700american airlines group inc which has also suffered as demand for flights plummeted pulled the trigger on a plan to sell more than 1 billion of stock last month after its shares rallied as much as 48gamestop has lost market share to larger competitors including best buy co inc and amazoncom inc as consumers buy video games online or through bigbox retailersrobert w baird co analysts wrote last month that the best outcome for gamestop shareholders would be for the company to close the majority of its physical stores and diversify into online businesses including hosting tournaments and eventsone of gamestops largest shareholders online pet store chewy inc cofounder ryan cohen and two of his partners joined the companys board in january last year hedge funds hestia capital partners and permit capital enterprise fund also won seats on the board