Loading...Loading...Jim Cramer has declared victory for GameStop Corp GME after the video game retailer announced the completion of its at-the-market equity offering. Cramer believes a transformation could be on the horizon.What To Know: GameStop shares got a lift late Tuesday after the company said it sold the maximum number of shares registered under its recently announced offering program for gross proceeds of approximately $2.137 billion.Wednesday on CNBC’s “Squawk On The Street,” Cramer highlighted Gam ...

Loading...Loading...Shares of video game retailer GameStop Corporation GME have traded higher in recent weeks on optimism from the return of Roaring Kitty (aka Keith Gill) and several share offerings raising cash for the company.One analyst shared his take on the latest events and recent share offering.What Happened: Over the past 30 days, GameStop completed two at-the-market offerings, selling batches of 45 million and 75 million shares.The most recent sale of 75 million shares raised $2.137 billion, which ...

GameStop (GME) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find it h ...

Roaring Kitty, whose real name is Keith Gill, has indirectly helped GameStop (NYSE:GME) raise billions of dollars. Following his return to social media on May 12 — which came after a nearly three-year hiatus — GME stock has surged higher by more than 75%.On June 7, the video game retailer announced an at-the-market (ATM) offering of up to 75 million shares. Now, that offering has been fully completed, resulting in total gross proceeds of $2.137 billion.Before that, the company had announced an ATM offering ...

GameStop (NYSE:GME) stock just got its price target cut by Wedbush analysts in response to a recent equity offering from the video game retail business.This saw Wedbush analysts cut the firm’s price target for GME stock from $13.50 per share to $11 per share. That’s a potential 64% downside compared to the stock’s previous closing price.Investors will also note that Webush doesn’t hold a positive rating for GME stock. The firm maintained its “underperform” rating for the shares while cutting its price targe ...

Key TakeawaysGameStop announced it had completed a stock sale that it began just last Friday.The struggling video game retailer said it sold the maximum amount of shares in the offering and brought in $2.14 billion.The speed of the sale may have been helped by meme stock darling "Roaring Kitty," who has recently used social media to discuss his investment in GameStop. GameStop (GME) appears to have gotten a boost from “Roaring Kitty.” The struggling video game retailer and meme stock darling said it has com ...

GameStop raised more than $2 billion after selling 75 million shares, the video game retailer said Tuesday. The sales of the shares stemmed from an at-the-market equity offering program that GameStop announced earlier in the month.‘ROARING KITTY’ COULD NOT SAVE GAMESTOP AS MEME STOCK TANKS "GameStop intends to use the net proceeds from the ATM Program for general corporate purposes, which may include acquisitions and investments," the retailer said. It marked the second at-the-market equity offering that Ga ...

Group 1 - Citron Research has closed its short position on GameStop (GME), citing the company's increased cash balance from recent offerings as a reason for their decision [1][2][3] - GameStop raised a total of $3.07 billion through two share offerings, allowing the company to have over $4 billion in cash available for potential acquisitions or other strategic initiatives [3] - Citron acknowledges the market's irrationality, comparing GameStop's situation to that of Dogecoin, which has a significant market capitalization despite lacking fundamental value [3] Group 2 - Keith Gill, known as Roaring Kitty, continues to hold a substantial position in GameStop, owning five million shares and 120,000 call options, with an overall gain of $31.51 million or 18% [4]

Keith Gill, a Reddit user credited with inspiring GameStop's rally, during a YouTube livestream arranged on a laptop at the New York Stock Exchange on June 7, 2024.His call options against GameStop have a strike price of $20 and an expiration date of June 21. Shares of the video game company have gained about 7% so far this week to around $30 a share. If the stock trades above $20 that Friday, which makes his call position in the money, Gill could exercise the options at $20 apiece, allowing him to purchase ...

GameStop Corp. (GME, Financial) is known as a “meme” stock. Who knows what that really means? A realistic look at this loss-making business is that it is now worth about $10 per share – maybe a little more or less.Everything else above this is a speculative gamble on the ability of management to properly invest the cash and turn around the loss-making business.Let's take a realistic look at its value, right now – based on publicly available information – and without all the hype and any speculative assumpti ...