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GameStop may cash in on Reddit rally with share sale; stock down after hours
By , (Reuters) - GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January.Shares of the brick-and-mortar retailer gyrated after hours and were last down around 14%, adding to a loss of over 6% during the regular trading session.GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales.The company reported a dip in...…By , (Reuters) - GameStop Corp said on Tuesday it may sell new shares as the U.S. video game retailer that led the Reddit rally of “meme stocks” looks to take advantage of a more-than-800% surge in its stock price since January.Shares of the brick-and-mortar retailer gyrated after hours and were last down around 14%, adding to a loss of over 6% during the regular trading session.GameStop commented on the potential share offering in a regulatory filing for fourth-quarter earnings which showed a return to profitability, with 175% growth in e-commerce sales.The company reported a dip in...WW…
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