Former Portfolio Manager Jim Cramer, Previously Critical of GameStop, Now Believes the Company Has Adequate Funds to Emerge Beyond Its Memetic Reputation

Quick Summary:

What Happened: On Friday, Cramer took to X, formerly Twitter, and said, “Gamestop now has enough cash to become something other than Gamestop.Congratz! ”

His statement came after GameStop announced the conclusion of its previously disclosed at-the-market equity offering program, under which the company successfully sold 45 million shares.

Jim Cramer, the host of CNBC’s “Mad Money,” who had previously labeled GameStop GameStop Corp. (NYSE:GME) as “arguably the worst” company in America, has now expressed a positive outlook for the company.

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: GME News Stories That Matter Benzinga Markets US36467W1099 Jim Cramer Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-25 @ 05:49:58 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 353 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21080781

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