GameStop Shares Surge 30% After $933 Million Stock Sale
TL;DR Summary
GameStop's stock surged 25% after the company raised nearly $1 billion through an equity offering, capitalizing on the meme stock frenzy. The move, seen as strategic by some analysts, comes amid the retailer's struggling financials and follows a similar stock sale by AMC Entertainment. The surge was also influenced by the reemergence of "Roaring Kitty," a key figure in the 2021 meme stock phenomenon.
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