5 things to know before the stock market opens Monday

to sell up to 3.5 million shares as the video game retailer looks to take advantage its stock surge following a Reddit-driven trading frenzy earlier this year.

GameStop said it would use the proceeds from the share offering to speed up the shift in its business model to e-commerce, a plan that is being led by a top shareholder and board member Ryan Cohen, co-founder of online pet retailer Chewy. GameStop closed Thursday at $191 per share. It traded as high as $483 in late January. Before the Reddit trade took hold, the stock began the year under $20.

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From CNBC? Nah thanks, I don’t need your bs bought “info”. Wanna push some more of that sweet discovery? Oh wait that didn’t go well...

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Dow climbs more than 200 points on the first trading day of May, retail stocks lead gainsU.S. stocks climbed on Monday, the first trading day of May, as shares tied to the economic reopening continued to rise. The Dow rose 0.71%. The S&P 500 was up 0.27%. The Nasdaq fell 0.48%.
Source: CNBC - 🏆 12. / 72 Read more »