Gamestop Corporation (NYSE:GME) - Should You Trade GameStop Stock After At-The-Money Offering?
Share: GameStop Corp (NYSE: GME) is a story stock, and the story does not go away, co-host Dennis Dick said Tuesday on Benzinga's YouTube show "PreMarket Prep." GameStop's Offering News: GameStop announced the completion of an at-the-money equity offering Monday. The company raised $551 million by selling 3.5 million additional shares. GameStop said the money will be "used to continue accelerating GameStop’s transformation as well as for general corporate purposes and further strengthening the company’s balance sheet." The stock doesn't care about the fundamentals, Dick said, adding...
Source: benzinga.com