GameStop Stock Jumps Monday After The Bell: What's Going On?
Portfolio Pulse from Adam Eckert
GameStop Corp (NYSE:GME) shares rose in after-hours trading following the completion of its at-the-market offering program, raising approximately $400 million. The company plans to use the proceeds for general corporate purposes, including potential acquisitions and investments.
September 23, 2024 | 8:59 pm
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GameStop completed its at-the-market offering, raising $400 million. The stock rose 1.34% in after-hours trading. The funds will be used for general corporate purposes, potentially including acquisitions.
The completion of the offering program and the subsequent rise in stock price indicate positive investor sentiment. The raised funds provide GameStop with financial flexibility for future investments or acquisitions, which could drive growth.
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