Shares for video game retailer GameStop spiked nearly 9% as markets opened on Tuesday morning.
The firm <a href="https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0">announced</a> that it successfully sold 5,000,000 shares of stock to generate $1.13 billion, which executives will use for “general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.”

GameStop Shares Jump 9%, Investment Firm Closes Main Fund After Heavy Losses

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Ep. 2737
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GameStop Shares Jump 9%, Investment Firm Closes Main Fund After Heavy Losses