GameStop raises more than $2 billion by selling 75 million shares, capitalizing on meme frenzy
Publishing timestamp: 2024-06-12 10:13:02
Summary
GameStop raised over $2 billion in stock sale during meme rally led by Roaring Kitty. Stock rose slightly after sale, but still on roller-coaster ride. Roaring Kitty reiterated investing thesis during Youtube livestream. Nvidia predicted to be 15% of S&P 500. Goldman Sachs downplays Nvidia stock split hype. Morningstar praises ETF for dividend funds.
Sentiment: MIXED
Tickers: GME,
Keywords: investment strategy, breaking news: markets, stock markets, breaking news: business, breaking news: investing, business news, markets, gamestop corp, wall street,