This Is Why Ryan Cohen Should Short GameStop Stock (if It Were Legal)

Thanks to the insanity of retail investors, GameStop (NYSE:GME) has raised $3 billion in GameStop stock over the past few weeks. It will probably be invested in other companies. Whether any of this makes any sense or not, the company’s news release from June 11 confirmed that it generated $2.14 billion in gross proceeds from the latest at-the-market offering, selling 75 million shares at an average price of $28.49. Previously, GameStop sold 45 million shares on May 24 at an average price of $20.74 for gross ...