Sunday, May 16News That Matters

Tag: GameStop

GameStop shares soar after the Reddit accepted raises $551 million in stock sales

GameStop's stock stamp climbed on Tuesday after the get sport retailer said it sold 3.5 million additional shares, raising $551 million to speed up the corporate's e-commerce transformation.The stock, liked by the Reddit retail shopping and selling crowd, jumped more than 5% on Tuesday after gaining nearly 12% all the intention in which by Monday's traditional shopping and selling hours. Shares are up nearly 850% this 365 days.GameStop launched the "at-the-market" stock offering before everything of April, which changed into considered as a manner to capitalize on its most modern head-turning rally that made Wall Dual carriageway history.In gradual January, a band of Reddit-obsessed retail traders coordinated trades on heavily shorted stocks, created a wide short squeeze in GameStop, whos...