As GameStop (GME) stock price has continued to fluctuate wildly due to various events earlier this year, little concrete response has been offered by the company regarding the situation. Surprisingly, this included the Q4 2020 earnings call as the company has continued to shift executives and leadership around. Even so, the company teased the possibility of offering additional stock to take advantage of the situation and fund its ongoing growth and transformation. That tease is apparently come to fruition as GameStop announced it will be selling up to 3.5 million additional shares of common stock – a move which saw the share price drop nearly 10% ahead of market opening.
GameStop (GME) appoints former Amazon exec as Chief Growth Officer
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PS3, PSP, and PS Vita Stores Shutting Down This Summer | TD327
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GameStop Had $25 Million In COVID-19 Expenses Last Year, And It Expects More To Come
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