Blogs & News

Stay up to date on all AutoGlass, free windshield replacements and News in the states of Florida & Arizona

GameStop shares jump more than 30% after $933 million stock sale

GameStop shares experienced a significant surge on Tuesday following the announcement that the company had generated approximately $933 million from a stock sale. The video game retailer's shares rose by about 32%, rebounding after a decline of over 14% the previous week. Despite last week's drop, GameStop's shares have increased by more than 110% month-to-date.

On Friday, GameStop revealed that it had raised nearly $933.4 million by selling 45 million common shares. The company did not specify the exact price at which these shares were sold, noting only that the transaction was an "at-the-market" offering. This means the shares were sold at current market prices rather than a predetermined rate. The announcement of the stock sale had been made earlier in the month, coinciding with a renewed interest in meme stocks.

The sale also followed activity from the social media account Roaring Kitty, a key player in the 2021 short squeeze of companies like GameStop. Roaring Kitty posted online for the first time since that period, potentially contributing to the renewed interest in GameStop shares.

GameStop's stock saw a dramatic increase, peaking at $64.83 on May 14, which was more than a 200% increase from its closing price on May 10. However, this surge was short-lived, as the shares dropped more than 50% from their peak just days later, closing lower on May 16.

Key details:

- GameStop shares soared by 32% on Tuesday.

- The company made around $933 million from selling 45 million common shares.

- The stock sale was an "at-the-market" offering.

- The announcement came amid a resurgence in meme stock interest.

- Social media account Roaring Kitty, influential in the 2021 short squeeze, reappeared online.

- Shares peaked at $64.83 on May 14 before falling by over 50% by May 16.

This recent surge in GameStop’s share price is reflective of the volatile nature of meme stocks, which often experience rapid and unpredictable changes in value. The phenomenon of meme stocks, driven largely by retail investors coordinating on social media platforms, has been a significant market trend since early 2021. GameStop, in particular, became the poster child of this trend when retail investors on platforms like Reddit's WallStreetBets drove its stock price to unprecedented levels, creating a short squeeze that cost hedge funds billions.

The recent stock sale and subsequent price movement underscore the ongoing influence of social media and retail investors on the market. The “at-the-market” offering allowed GameStop to capitalize on the elevated share prices by selling shares directly into the open market, thereby raising substantial capital without the need for a fixed price agreement. This strategy can be particularly advantageous in a rapidly changing market environment.

Roaring Kitty, also known as Keith Gill, played a pivotal role in the 2021 short squeeze by sharing his bullish views on GameStop through social media and YouTube, which garnered a significant following and inspired many retail investors to buy GameStop shares. His reappearance online has reignited interest and speculation among investors, contributing to the recent volatility in GameStop’s stock price.

GameStop’s ability to raise such a significant amount of capital through its stock sale is notable as it provides the company with more resources to pursue its business transformation plans. GameStop has been attempting to pivot from its traditional brick-and-mortar retail model to a more digital-centric approach, aiming to compete more effectively in the evolving video game industry. The infusion of nearly $1 billion from the stock sale could aid in funding new initiatives, technology upgrades, and potential acquisitions, positioning the company for future growth.

As of the latest update, GameStop’s stock is trading at $25.15, reflecting a gain of $6.15 or 32.37%. This fluctuation in stock price highlights the ongoing speculative interest and the impact of strategic financial moves by the company on its market performance. Investors and market watchers will be keenly observing how GameStop leverages the newly raised capital to navigate its transformation and whether it can sustain the interest and momentum generated by its status as a meme stock.

#1 Free Windshield Replacement Service in Arizona and Florida!

Our services include free windshield replacements, door glass, sunroof and back glass replacements on any automotive vehicle. Our service includes mobile service, that way you can enjoy and relax at the comfort of home, work or your choice of address as soon as next day.


Schedule Appointment Now or Call (813) 951-2455 to schedule today.

Areas Served in Florida

Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, Destin, Naples, Key West, Sarasota, Pensacola, West Palm Beach, St. Augustine, FT Myers, Clearwater, Daytona Beach, St. Petersburg, Gainesville, Kissimmee, Boca Raton, Ocala, Panama City, Panama City Beach, Miami Beach, Bradenton, Cape Coral, The Villages, Palm Beach, Siesta Key, Cocoa Beach, Marco Island, Vero Beach, Port St. Lucie, Pompano Beach, Florida City, Punta Gorda, Stuart, Crystal River, Palm Coast, Port Charlotte and more!

Areas Served in Arizona

Phoenix, Sedona, Scottsdale, Mesa, Flagstaff, Tempe, Grand Canyon Village, Yuma, Chandler, Glendale, Prescott, Surprise, Kingman, Peoria, Lake Havasu City, Arizona City, Goodyear, Buckeye, Casa Grande, Page, Sierra Vista, Queen Creek and more!

We work on every year, make and model including

Acura, Aston Martin, Audi, Bentley, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ferrari, Fiat, Ford, Freightliner, Geo, GM, GMC, Honda, Hyundai, Infinity, Jaguar, Jeep, Kia, Lamborghini, Land Rover, Lexus, Lincoln, Maserati, Mazda, McLaren, Mercedes Benz, Mercury, Mini Cooper, Mitsubishi, Nissan, Oldsmobile, Peugeot, Pontiac, Plymouth, Porsche, Ram, Saab, Saturn, Scion, Smart Car, Subaru, Suzuki, Tesla, Toyota, Volkswagen, Volvo and more!

All insurance companies are accepted including

Allstate, State Farm, Geico (Government Employees Insurance Company), Progressive, USAA (United Services Automobile Association), Liberty Mutual, Nationwide, Travelers, Farmers Insurance, American Family Insurance, AAA (American Automobile Association), AIG (American International Group), Zurich Insurance Group, AXA, The Hartford, Erie Insurance, Amica Mutual Insurance, Mercury Insurance, Esurance, MetLife Auto & Home, Safeway and many , many more!

States We Service

Front Windshield Replacement, Door Glass Replacement, Back Glass Replacement, Sun Roof Replacement, Quarter Panel Replacement, Windshield Repair

AutoGlass Services Provided

Front Windshield Replacement, Door Glass Replacement, Back Glass Replacement, Sun Roof Replacement, Quarter Panel Replacement, Windshield Repair

#1 Free Windshield Replacement Service in Arizona and Florida!

Our services include free windshield replacements, door glass, sunroof and back glass replacements on any automotive vehicle. Our service includes mobile service, that way you can enjoy and relax at the comfort of home, work or your choice of address as soon as next day.


Schedule Appointment Now or Call (813) 951-2455 to schedule today.

Areas Served in Florida

Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, Destin, Naples, Key West, Sarasota, Pensacola, West Palm Beach, St. Augustine, FT Myers, Clearwater, Daytona Beach, St. Petersburg, Gainesville, Kissimmee, Boca Raton, Ocala, Panama City, Panama City Beach, Miami Beach, Bradenton, Cape Coral, The Villages, Palm Beach, Siesta Key, Cocoa Beach, Marco Island, Vero Beach, Port St. Lucie, Pompano Beach, Florida City, Punta Gorda, Stuart, Crystal River, Palm Coast, Port Charlotte and more!

Areas Served in Arizona

Phoenix, Sedona, Scottsdale, Mesa, Flagstaff, Tempe, Grand Canyon Village, Yuma, Chandler, Glendale, Prescott, Surprise, Kingman, Peoria, Lake Havasu City, Arizona City, Goodyear, Buckeye, Casa Grande, Page, Sierra Vista, Queen Creek and more!

We work on every year, make and model including

Acura, Aston Martin, Audi, Bentley, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ferrari, Fiat, Ford, Freightliner, Geo, GM, GMC, Honda, Hyundai, Infinity, Jaguar, Jeep, Kia, Lamborghini, Land Rover, Lexus, Lincoln, Maserati, Mazda, McLaren, Mercedes Benz, Mercury, Mini Cooper, Mitsubishi, Nissan, Oldsmobile, Peugeot, Pontiac, Plymouth, Porsche, Ram, Saab, Saturn, Scion, Smart Car, Subaru, Suzuki, Tesla, Toyota, Volkswagen, Volvo and more!

All insurance companies are accepted including

Allstate, State Farm, Geico (Government Employees Insurance Company), Progressive, USAA (United Services Automobile Association), Liberty Mutual, Nationwide, Travelers, Farmers Insurance, American Family Insurance, AAA (American Automobile Association), AIG (American International Group), Zurich Insurance Group, AXA, The Hartford, Erie Insurance, Amica Mutual Insurance, Mercury Insurance, Esurance, MetLife Auto & Home, Safeway and many , many more!

States We Service

Front Windshield Replacement, Door Glass Replacement, Back Glass Replacement, Sun Roof Replacement, Quarter Panel Replacement, Windshield Repair

AutoGlass Services Provided

Front Windshield Replacement, Door Glass Replacement, Back Glass Replacement, Sun Roof Replacement, Quarter Panel Replacement, Windshield Repair

#1 Free Windshield Replacement Service in Arizona and Florida!

Our services include free windshield replacements, door glass, sunroof and back glass replacements on any automotive vehicle. Our service includes mobile service, that way you can enjoy and relax at the comfort of home, work or your choice of address as soon as next day.


Schedule Appointment Now or Call (813) 951-2455 to schedule today.

Areas Served in Florida

Miami, Orlando, Tampa, Jacksonville, Fort Lauderdale, Destin, Naples, Key West, Sarasota, Pensacola, West Palm Beach, St. Augustine, FT Myers, Clearwater, Daytona Beach, St. Petersburg, Gainesville, Kissimmee, Boca Raton, Ocala, Panama City, Panama City Beach, Miami Beach, Bradenton, Cape Coral, The Villages, Palm Beach, Siesta Key, Cocoa Beach, Marco Island, Vero Beach, Port St. Lucie, Pompano Beach, Florida City, Punta Gorda, Stuart, Crystal River, Palm Coast, Port Charlotte and more!

Areas Served in Arizona

Phoenix, Sedona, Scottsdale, Mesa, Flagstaff, Tempe, Grand Canyon Village, Yuma, Chandler, Glendale, Prescott, Surprise, Kingman, Peoria, Lake Havasu City, Arizona City, Goodyear, Buckeye, Casa Grande, Page, Sierra Vista, Queen Creek and more!

We work on every year, make and model including

Acura, Aston Martin, Audi, Bentley, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Ferrari, Fiat, Ford, Freightliner, Geo, GM, GMC, Honda, Hyundai, Infinity, Jaguar, Jeep, Kia, Lamborghini, Land Rover, Lexus, Lincoln, Maserati, Mazda, McLaren, Mercedes Benz, Mercury, Mini Cooper, Mitsubishi, Nissan, Oldsmobile, Peugeot, Pontiac, Plymouth, Porsche, Ram, Saab, Saturn, Scion, Smart Car, Subaru, Suzuki, Tesla, Toyota, Volkswagen, Volvo and more!

All insurance companies are accepted including

Allstate, State Farm, Geico (Government Employees Insurance Company), Progressive, USAA (United Services Automobile Association), Liberty Mutual, Nationwide, Travelers, Farmers Insurance, American Family Insurance, AAA (American Automobile Association), AIG (American International Group), Zurich Insurance Group, AXA, The Hartford, Erie Insurance, Amica Mutual Insurance, Mercury Insurance, Esurance, MetLife Auto & Home, Safeway and many , many more!

States We Service

Front Windshield Replacement, Door Glass Replacement, Back Glass Replacement, Sun Roof Replacement, Quarter Panel Replacement, Windshield Repair

AutoGlass Services Provided

Front Windshield Replacement, Door Glass Replacement, Back Glass Replacement, Sun Roof Replacement, Quarter Panel Replacement, Windshield Repair

GameStop shares jump more than 30% after $933 million stock sale

GameStop shares experienced a significant surge on Tuesday following the announcement that the company had generated approximately $933 million from a stock sale. The video game retailer's shares rose by about 32%, rebounding after a decline of over 14% the previous week. Despite last week's drop, GameStop's shares have increased by more than 110% month-to-date.

On Friday, GameStop revealed that it had raised nearly $933.4 million by selling 45 million common shares. The company did not specify the exact price at which these shares were sold, noting only that the transaction was an "at-the-market" offering. This means the shares were sold at current market prices rather than a predetermined rate. The announcement of the stock sale had been made earlier in the month, coinciding with a renewed interest in meme stocks.

The sale also followed activity from the social media account Roaring Kitty, a key player in the 2021 short squeeze of companies like GameStop. Roaring Kitty posted online for the first time since that period, potentially contributing to the renewed interest in GameStop shares.

GameStop's stock saw a dramatic increase, peaking at $64.83 on May 14, which was more than a 200% increase from its closing price on May 10. However, this surge was short-lived, as the shares dropped more than 50% from their peak just days later, closing lower on May 16.

Key details:

- GameStop shares soared by 32% on Tuesday.

- The company made around $933 million from selling 45 million common shares.

- The stock sale was an "at-the-market" offering.

- The announcement came amid a resurgence in meme stock interest.

- Social media account Roaring Kitty, influential in the 2021 short squeeze, reappeared online.

- Shares peaked at $64.83 on May 14 before falling by over 50% by May 16.

This recent surge in GameStop’s share price is reflective of the volatile nature of meme stocks, which often experience rapid and unpredictable changes in value. The phenomenon of meme stocks, driven largely by retail investors coordinating on social media platforms, has been a significant market trend since early 2021. GameStop, in particular, became the poster child of this trend when retail investors on platforms like Reddit's WallStreetBets drove its stock price to unprecedented levels, creating a short squeeze that cost hedge funds billions.

The recent stock sale and subsequent price movement underscore the ongoing influence of social media and retail investors on the market. The “at-the-market” offering allowed GameStop to capitalize on the elevated share prices by selling shares directly into the open market, thereby raising substantial capital without the need for a fixed price agreement. This strategy can be particularly advantageous in a rapidly changing market environment.

Roaring Kitty, also known as Keith Gill, played a pivotal role in the 2021 short squeeze by sharing his bullish views on GameStop through social media and YouTube, which garnered a significant following and inspired many retail investors to buy GameStop shares. His reappearance online has reignited interest and speculation among investors, contributing to the recent volatility in GameStop’s stock price.

GameStop’s ability to raise such a significant amount of capital through its stock sale is notable as it provides the company with more resources to pursue its business transformation plans. GameStop has been attempting to pivot from its traditional brick-and-mortar retail model to a more digital-centric approach, aiming to compete more effectively in the evolving video game industry. The infusion of nearly $1 billion from the stock sale could aid in funding new initiatives, technology upgrades, and potential acquisitions, positioning the company for future growth.

As of the latest update, GameStop’s stock is trading at $25.15, reflecting a gain of $6.15 or 32.37%. This fluctuation in stock price highlights the ongoing speculative interest and the impact of strategic financial moves by the company on its market performance. Investors and market watchers will be keenly observing how GameStop leverages the newly raised capital to navigate its transformation and whether it can sustain the interest and momentum generated by its status as a meme stock.

Blogs & News

Stay up to date on all AutoGlass, free windshield replacements and News in the states of Florida & Arizona

Blogs & News

Stay up to date on all AutoGlass, free windshield replacements and News in the states of Florida & Arizona