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GameStop stock dives after filing to sell up to 3.5 million shares – MarketWatch

‘At-the-market’ share offering comes after stock soared 1,000% in past 3 months



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GameStop Corp. shares took a dive Monday, after the videogame and consumer electronics retailer finally took advantage of the trading frenzy in its stock to raise money through an at-the-market offering.The company said it filed to sell up to 3.5 million shares of its common stock from time to time. That represents about 5.0% of the 69.9 million shares outstanding as of March 17.Based on Thursdays stock closing price of $191.45, the offering could raise up to $670.1 million. The company plans to…

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