GME - Jim Cramer: 'GameStop Won' Bears Are Going To Retreat As Ryan Cohen Turns Stock Into Pseudo-SPAC Embarks On 'Chewy 2' | Benzinga
Jim Cramer has declared victory for GameStop Corp (NYSE:GME) after the video game retailer announced the completion of its at-the-market equity offering. Cramer believes a transformation could be on the horizon.
What To Know: GameStop shares got a lift late Tuesday after the company said it sold the maximum number of shares registered under its recently announced offering program for gross proceeds of approximately $2.137 billion.
Wednesday on CNBC’s “Squawk On The Street,” Cramer highlighted GameStop’s cash position as a checkmate moment for those betting against the company.
“GameStop won here. The bears are going to be in retreat,” Cramer said.
GameStop trader Keith Gill, also known as “Roaring Kitty,” ...