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GameStop is cashing in after a meme stock boom sent shares flying as high as 350% this month—and it’s leaving investors holding the bag, just as the company reported disappointing quarterly ...
Since hitting a high of $64 per share in May 2024 amid a meme stock trade revival, GameStop shares have since slumped and are off about 15% in the past month. The company has yet to report fourth ...
GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of $20.74 each. Its shares were currently trading at $21.93.
GameStop stock sank nearly 40% Friday in highly volatile trading as GameStop filed to sell millions of shares — and more than half a million viewers tuned in for a much anticipated YouTube ...
The stock surged 25% on the news. Typically, investors would expect the stock price of a company issuing new shares — which dilute the value of current holdings — to decline after a stock sale.
On March 24, the GameStop stock price fell 34 percent to $120.34 per share after earnings were released and the company announced plans for issuing a new secondary stock offering worth up to $1 billion. [80] [81] By March 24, short interests had dropped to 15 percent, compared to the 141 percent level at its peak in January. [82]
(Reuters) -Shares of GameStop and AMC slipped in volatile premarket trading on Wednesday, following sharp gains this week after "Roaring Kitty" Keith Gill, the central figure behind the 2021 meme ...
The stock surged 25% on the news. Typically, investors would expect the stock price of a company issuing new shares — which dilute the value of current holdings — to decline after a stock sale.