(CNBC) GameStop’s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored by the Reddit retail trading crowd, jumped 10% in after-hours trading after gaining nearly 12% in the day. Shares are up nearly 800% this year.
GameStop shares jump after the Reddit favorite raises $551 million in stock sales
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