- Bloomberg
GameStop Jumps After Raising Nearly $1 Billion In Stock Sale
(Bloomberg) -- GameStop Corp. shares rallied in late trading after the retail trader favorite announced it brought in nearly $1 billion from a share sale program.Most Read from BloombergWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesSingapore Air Changes Seatbelt Rules After Fatal TurbulenceSpaceX Weighs Plan to Sell Shares at $200 Billion ValuationThe Rise and Fall of Simon Sadler's Segantii, One of Asia's Most Successful Hedge FundsHungary Wants to ‘Redefine’ Its NATO Membership,
- Reuters
GameStop surges after fetching $933 million from stock sale
The company largely relies on brick-and-mortar stores and has been grappling with customers turning to e-commerce firms for buying video games and collectibles. It had disclosed its share sale plan earlier this month amid a retail buying frenzy sparked by the return on social media of "Roaring Kitty" Keith Gill, whose bullish calls on the company spurred the 2021 meme stock rally. The rally in the shares of GameStop, which has become a poster child of the retail mania, began after Gill shared a meme and several video clips from movies.
- Zacks
What's Better Than Meme Stocks?
The recent resurgence of "meme-mania" shows that this unpredictable phenomenon is here to stay. But are you the right kind of investor to take advantage? Dave Bartosiak loves this stuff and can help you find opportunities amid the volatility.
