What's Going On With GameStop Stock After-Hours?
Portfolio Pulse from Erica Kollmann
GameStop Corp (NYSE:GME) shares surged after-hours following the announcement of the completion of its at-the-market (ATM) equity offering program, raising approximately $2.137 billion. The company plans to use the proceeds for general corporate purposes, including potential acquisitions and investments. The stock saw a 22% rise during regular trading and continued to climb after the announcement.
June 11, 2024 | 8:56 pm
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GameStop completed its ATM equity offering program, raising $2.137 billion. The stock surged 22% during regular trading and continued to rise after-hours.
The completion of the ATM equity offering program and the significant capital raised are positive signals for investors, indicating potential for future growth and stability. The stock's strong performance during and after regular trading hours reflects investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100