GameStop Aktie News

GameStop has completed the share offering it launched a week ago in the wake of a stock rally, saying it sold the maximum number of shares it had registered for $933.4 million in proceeds.

GameStop said on Friday it sold up to 45 million shares in an at-the-market share sale program for an aggregate gross proceeds of about $933.4 million, sending its shares up nearly 18% in extended trading.

GRAPEVINE, Texas, May 24, 2024 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has completed its previously disclosed “at-the-market” equity offering program (the “ATM Program”).

Shares of AMC Entertainment Holdings Inc. and GameStop Corp. were rallying in premarket trading Friday after registering their biggest declines in a week during Thursday's session. Both stocks saw massive volatility last week amid a meme-stock rally fueled by the return of trader Roaring Kitty to social media after a hiatus of several years.

“Sell in May and go away” is a common adage in investing. It's based on the historical pattern of stocks underperforming from May to October when investors tend to stay on the sidelines.

The meme-stock "apes"  have attracted a new member: Robert F. Kennedy Jr. The presidential candidate said he'd bought $24,000 of GameStop stock in a show of support.

If you're looking for good news about the popular meme stocks ranked in this article, you'll be hugely disappointed.  Barron's reported on May 21 that, according to Investor's Business Daily analysis, investors lost $13 billion on meme stocks in the three trading days after GameStop (NYSE: GME ) hit a $64.83 52-week high on May 14.

GameStop (NYSE: GME ) stock is in the spotlight after Independent presidential candidate Robert F. Kennedy Jr. announced a $24,000 stake in the video game retailer.