{"id":3273,"date":"2024-06-12T13:13:57","date_gmt":"2024-06-12T13:13:57","guid":{"rendered":"https:\/\/stoxpo.com\/?p=3273"},"modified":"2024-06-12T13:13:58","modified_gmt":"2024-06-12T13:13:58","slug":"gamestop-raises-2-14-billion-amid-stock-rally","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/06\/12\/gamestop-raises-2-14-billion-amid-stock-rally\/","title":{"rendered":"GameStop Raises $2.14 Billion Amid Stock Rally"},"content":{"rendered":"\n

Retail Investors Drive Significant Fundraising Following “Roaring Kitty” Return<\/h4>\n\n\n\n

GameStop (GME) has successfully raised approximately $2.14 billion through a share sale program, capitalizing on a stock rally ignited by Keith Gill’s return to YouTube. The video-game retailer has now garnered over $3 billion in the past month from share sales as retail investors boosted the stock price.<\/p>\n\n\n\n

The latest sale involved 75 million shares at an average price of around $28.49 each. Following this announcement, GameStop’s stock surged more than 5% to $32.27 in post-market trading, though it remains below its June peak of $48. On Tuesday, the stock closed 23% higher at $30.49 after a significant midday rally indicated the end of selling pressure.<\/p>\n\n\n\n

Last week, GameStop unexpectedly released its earnings and announced the share sale plan just hours before Keith Gill, also known as “Roaring Kitty,” returned to YouTube, which spurred a dramatic stock price increase. The stock more than doubled over four days before declining sharply on Friday due to the fundraising news.<\/p>\n\n\n\n

The recent fundraising adds to the $933 million raised last month and the $1.08 billion in cash and equivalents from the previous quarter. The proceeds are intended for general corporate purposes, including potential acquisitions and investments, with Jefferies LLC serving as the sales agent.<\/p>\n\n\n\n

You might like this article:The AI Revolution in Smartphones: Why Better Batteries are Crucial<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Retail Investors Drive Significant Fundraising Following “Roaring Kitty” Return GameStop (GME) has successfully raised approximately $2.14 billion through a share sale program, capitalizing on a stock rally ignited by Keith Gill’s return to YouTube. The video-game retailer has now garnered over $3 billion in the past month from share sales as retail investors boosted the […]<\/p>\n","protected":false},"author":1,"featured_media":2738,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[321],"tags":[421,416,418,417],"coauthors":[453],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/3273"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=3273"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/3273\/revisions"}],"predecessor-version":[{"id":3275,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/3273\/revisions\/3275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/2738"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=3273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=3273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=3273"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=3273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}