Is GameStop stock back? GME reveals that it is debt-free
GameStop(GME) Finbold·2024-08-29 16:37
After experiencing a renewed GameStop (NYSE: GME) mania during May and June, the largest benefactor wasn’t Keith Gill, aka ‘Roaring Kitty,’ but GME stock itself.A surge in meme stock’s price on May 14 and June 6 coincided with Gill’s cryptic posts on X, hinting at his renewed interest in GameStop, later revealing that he holds a substantial portion of GME stock. The company reacted to the news by issuing 45 million new shares of its common stock on May 17 in an attempt to raise additional cash to address it ...