GameStop selling 45 million shares, worth $933.4m, causing shares to surge 20% premarket.

GameStop shares surged 20% in premarket trading after the video game retailer announced selling 45 million shares worth $933.4m. This follows the return of "Roaring Kitty" Keith Gill, who played a significant role in the 2021 meme stock frenzy. The company intends to use the proceeds for general corporate purposes, which may include acquisitions and investments.

May 27, 2024
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