Shares of GameStop soared about 10% in early trading April 27 on the news of the stock sale.
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GameStop cashes in on Reddit surge with big stock sale
GameStop shares have gone ballistic this year, surging more than 800% thanks to love from Reddit fans betting on a turnaround for the video game retailer. Now, GameStop has cashed in with a sale of more than $550 million in stock.
