Jim Cramer, Who Once Called GameStop 'Arguably The Worst' Company In America, Says It 'Now Has Enough Cash To Become Something Other Than' A Meme Stock
Portfolio Pulse from Ananya Gairola
Jim Cramer, who previously criticized GameStop (NYSE:GME), now expresses a positive outlook after the company raised $933.4 million through an equity offering. GameStop's stock surged following the announcement.
May 25, 2024 | 5:49 am
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GameStop raised $933.4 million through an equity offering, leading to a positive outlook from Jim Cramer and a surge in stock price.
The successful equity offering significantly boosts GameStop's cash reserves, providing the company with the financial flexibility to potentially reinvent itself. This positive development has led to a surge in the stock price and a favorable outlook from a previously critical analyst.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100