GameStop Funding Source Of Roaring Kitty Questioned By Ross Gerber As Retailer Completes Over $2B Share Sale: 'Cohen Is Saved'
Portfolio Pulse from Benzinga Neuro
GameStop Corp (NYSE:GME) has completed a $2.14 billion share sale, raising questions about the funding source from Keith Gill, also known as 'Roaring Kitty.' Ross Gerber, CEO of Gerber Kawasaki Wealth, expressed concerns about the transaction. Despite the controversy, some analysts, including Jim Cramer, see GameStop's strong cash position as a positive development. The stock closed at $25.46, down 16.50%, but rose to $26.00 in after-hours trading.
June 13, 2024 | 5:45 am
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GameStop completed a $2.14 billion share sale, raising questions about the funding source from Keith Gill. Despite the controversy, analysts see the strong cash position as a positive. The stock closed at $25.46, down 16.50%, but rose to $26.00 in after-hours trading.
The completion of the share sale significantly impacts GameStop's financial position, but the controversy surrounding the funding source and the mixed reactions from analysts create uncertainty. The stock's recent price movements reflect this mixed sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100