The video game retailer has recently raised roughly $3 billion in cash, capitalizing on a jump in its stock price.

The drop was the result of dilution caused by GameStop selling shares, rather than Cohen divesting. In May, the company had raised $933.4 million by selling 45 million shares. It had disclosed its ...

GameStop's shrinking sales and cost-cutting ... In fiscal year 2023, a $654 million reduction in sales led to a $277 million improvement in operating income. However, in fiscal 2024, a much ...

The drop was the result of dilution caused by GameStop selling shares, rather than Cohen divesting. In May, the company had raised $933.4 million by selling 45 million shares. It had disclosed its ...