Shares of video game retailer GameStop Corporation (NYSE:GME) are soaring in after-hours trading Friday, a move that comes after weeks of volatility for meme stocks.
What Happened: On Friday, GameStop announced it has completed its at-the-market equity offering program, which was previously announced.
The company sold 45 million shares under the plan with aggregate gross proceeds of $933.4 million. This would represent a share price of around $20.74 for the offering.
GameStop said it intends to use the net proceeds from the offering for "general corporate purposes, which may include acquisitions and investments."
Why It's Important: GameStop shares fell when they announced the planned at-the-market offering and announced preliminary first-quarter financial results.
The increase in the stock price after hours on Friday could indicate that investors perceive the dilution as complete and believe the shares are undervalued at their current sale price.
The return and subsequent exit of Roaring Kitty, a key figure in the GameStop short squeeze saga of 2021, has made shares of the video game company highly volatile.
GME Price Action: GameStop shares are up 16% to $22.14 in after-hours trading Friday after closing at $19.00. Shares have traded between $9.95 and $64.83 over the last 52 weeks.
電子遊戲零售商GameStop Corporation(紐約證券交易所代碼:GME)的股價在週五盤後交易中飆升,此舉是在模因股經歷了數週的波動之後發生的。
發生了什麼:週五,GameStop宣佈已經完成了先前宣佈的市場股票發行計劃。
該公司根據該計劃出售了4,500萬股股票,總收益爲9.334億美元。這意味着本次發行的股價約爲20.74美元。
GameStop表示,它打算將此次發行的淨收益用於 “一般公司用途,其中可能包括收購和投資”。
爲何重要:當GameStop宣佈計劃在市場上發行並公佈第一季度初步財務業績時,他們的股價下跌。
週五盤後股價的上漲可能表明投資者認爲稀釋已經完成,並認爲股票按目前的出售價格被低估了。
2021年GameStop空頭擠壓傳奇中的關鍵人物Roaring Kitty的回歸和隨後的退出使這家電子遊戲公司的股價波動很大。
GME價格走勢:週五盤後交易中,GameStop股價上漲16%,至22.14美元,收於19.00美元。在過去的52週中,股票的交易價格在9.95美元至64.83美元之間。