GameStop shares rise 26% in premarket trading after $933 million stock sale
GameStop shares soared in premarket trading Tuesday after the company announced that it had made around $933 million from a stock sale.
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GameStop shares soared in premarket trading Tuesday after the company announced that it had made around $933 million from a stock sale.
GameStop made nearly $933.4 million by selling 45 million shares, the struggling videogame retailer said on Friday, sending its shares up more than 12% after the bell.
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GameStop shares tumbled 19.7% Friday after the video game retailer said it plans to sell additional shares and reported preliminary results that showed a drop in first-quarter sales.
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
Reddit shares popped 7% on Tuesday, climbing for a second straight day after retail traders kicked off a buying frenzy of so-called meme stocks.
GameStop and AMC are seeing big buying from mom-and-pop investors, but the purchases pale in comparison to the meme stock explosion seen three years ago.
GameStop jumped Tuesday to extend the meme stock rally started by the first online post from "Roaring Kitty" in three years, but enthusiasm seemed to ease as shares cut gains.