Stock market

GameStop shares fall after announcing share sale plan

Stock Markets (Apr 05, 2021 06:40AM ET)GameStop shares fall after announcing share sale plan

© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in front of displayed GameStop logo

(Reuters) – GameStop Corp (NYSE:GME) shares fell 12% on Monday after the video game retailer said it may sell up to 3.5 million shares as it tries to take advantage of the stock price surge following the Reddit-driven trading frenzy earlier this year.

The company also said global sales for the nine-week period ending April 4 rose about 11%.

Its shares were down at $168.20 in pre-market trading.GameStop shares fall after announcing share sale planAdd a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s