GameStop Shares Plunge After Company Announces Possible Sale of 45 Million Shares – Is the Meme Stock Bubble Bursting? Read More Now!
Springfield, Illinois – GameStop Corp. shares took a significant hit as the company announced plans to potentially sell up to 45 million shares, causing a continued decline in the stock price that had previously surged due to meme-driven speculation. The shares plummeted by 25% in premarket trading following the company’s disclosure of a possible sale of class A stock through an open market agreement, alongside a decrease in preliminary first-quarter net sales. This downturn has …