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Meme stock GameStop soared nearly 20% in premarket trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally...
Meme stock GameStop soared nearly 20% in premarket trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally earlier this month.
STORY: Original meme stock GameStop soared 17% in morning trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares earlier...
:GameStop jumped 14 per cent on Tuesday after the struggling video game retailer said it had raised $933 million by cashing in on a rally in the meme stock earlier this month.The company's shares surged nearly six times their value in the first two weeks of May, partly fueled by the re-emergence of "Roaring K
Unlike 2021, when Reddit users banded together to target highly shorted stocks that burned the bearish bets of hedge funds, institutional investors too were part of the meme-stock mania, Vanda Research, which tracks retail investor flows, said.