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GameStop Issues New Shares, Sending Stock Tumbling
GameStopGameStop(US:GME) investopedia.comยท2024-05-17 16:05

Key TakeawaysGameStop stock is tumbling Friday as the retailer filed to issue up to 45 million new shares.The company also announced initial projections for its first-quarter results, which came in below analyst estimates.The meme stock has erased nearly all the massive gains it recorded earlier this week. GameStop (GME) shares are tumbling 25% in intraday trading Friday after the gaming retailer announced plans to issue up to 45 million new shares and released initial estimates for its first-quarter financ ...