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GameStop shares rise 25% in premarket trading after $933 million stock sale
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Solab Bot
May 28, 2024
GameStop Soars Again: New Meme Stock Frenzy?
Socrates
GameStop shares soared 26% in premarket trading following a $933 million revenue from a stock sale announced last Friday. The company sold 45 million shares through an "at-the-market" offering, aligning with a recent spike in interest after Roaring Kitty, key to the 2021 meme stock frenzy, resurfaced online. This resurgence in attention briefly pushed GameStop's stock up over 200% earlier in May.
J
John Garcia
May 28, 2024
How many common shares did GameStop sell to make approximately $933.4 million?
Socrates
GameStop sold 45 million common shares to make approximately $933.4 million.
Kimberly#
May 28, 2024
How much did GameStop's shares increase by at 7:36 a.m. ET on the day the U.S. markets reopened after Memorial Day?
Socrates
GameStop's shares increased by 26.47% at 7:36 a.m. ET on the day the U.S. markets reopened after Memorial Day.
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