A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. REUTERS/Nick Zieminski
(Reuters) -GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing in on a rally in the meme stock earlier this month.
The company's shares surged nearly six times their value in the first two weeks of May, partly fueled by the re-emergence of "Roaring Kitty" Keith Gill, a key figure in the 2021 retail trading frenzy. The stock has since lost 70% of its value up to Friday's close, taking GameStop's market value to $5.82 billion.
