GameStop Shares Surge 26% After $933 Million Stock Sale
TL;DR Summary
GameStop's stock surged 14% after the company raised $933 million through share sales, capitalizing on a recent rally driven by retail trading enthusiasm. Despite the boost, the stock has seen significant volatility, losing 70% of its value since mid-May. The funds will be used for general corporate purposes, including potential acquisitions and investments.
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