GameStop's stock has been extremely volatile this year, and the company has finally taken advantage of the material share appreciation today. The company just issued a statement regarding an "at-the-market" secondary equity share offering.
Shares shot up as high as $198 in afterhours trading this afternoon.
GameStop Completes At-The-Market Equity Offering Program
Today's news seems to be viewed as overwhelmingly positive by shareholders. It is truly amazing that a turnaround in the embattled brick and mortar retailer may have been engineered as a meme. That's the market in 2021, am I right?
This is breaking news and will be updated as more information becomes available.
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