GameStop Raises $2.14 Billion, Meme Stocks Buzz Fuels Gains Watch: GME, PRSO, DYAI, VTAK, AMC

June 13, 2024 at 17:32 PM EDT

GameStop Corp (NYSE: GME) announced it had raised approximately $2.14 billion through a share sale, positioning the company for potential mergers and acquisitions. The capital infusion opens up various strategic opportunities that GameStop hinted might be forthcoming. Investor confidence surged as stock influencer Keith Gill, known as "Roaring Kitty," indicated he maintained a significant stake in GameStop. A spike in trading of short-dated GameStop options on Wednesday led some market participants to speculate that Gill may have sold some of his recently-disclosed option’s position in the company.

Peraso (NASDAQ: PRSO) has established itself as a prominent figure in the rapidly expanding mmWave technology market, gaining notable recognition in this sector. On Wednesday, June 12, 2024, the stock experienced a surge of 17.32%, closing at $1.49 with a trading volume of 246,526 shares. Furthermore, Ladenburg Thalmann, a distinguished Wall Street firm since 1876, initiated coverage of Peraso on the same day. The global mmWave market, valued at $3.75 billion in 2023, is expected to experience significant growth, with projections indicating that the adoption of mmWave technology in consumer sectors could drive the market to exceed $55 billion by 2030, boasting a compound annual growth rate (CAGR) of approximately 40%, according to research by Grandview Research in January 2024.

Dyadic International Inc. (NASDAQ: DYAI), a renowned biotech firm specializing in large-scale protein manufacturing for therapeutics, vaccines, and non-medical applications, recently reached a milestone. On June 7, 2024, Dyadic’s stock soared to $2.67 per share, marking its highest level in 52 weeks and representing a remarkable 103% increase from its 52-week low of $1.19 per share. The bird flu outbreak has spotlighted Dyadic due to its ongoing vaccine development efforts. Additionally, Dyadic has emerged as a trending ‘meme stock,’ gaining attention alongside AMC Entertainment (NYSE: AMC), GameStop Inc. (NYSE: GME), and Novavax (NASDAQ: NVAX).

Catheter Precision Inc. (NYSE American: VTAK) a medical device company, in Healthcare Electrophysiology stands out as a notable player in this healthcare Technology sector, Gaining Momentum on Wednesday June 12, 2024, closing at $0.60 up 9.83% on 1,341,161 volume, hitting a high of $0.80 in afterhours trading. The company is renowned for its two key innovative products: VIVO™, aiding in ventricular arrhythmia source detection pre-procedure, and LockeT, a closure retention device. Read Entire Update Now!

AMC Entertainment (NYSE: AMC) delivered a positive surprise with its first-quarter earnings, garnering praise from multiple analysts. The revival of meme stock trading enthusiasm has helped AMC stock retain many of its recent gains. With the potential for several summer blockbusters to hit theaters soon, there is speculation for a similar performance when AMC Entertainment releases its earnings in August.

Intelligent Bio Solutions Inc (NASDAQ: INBS) experienced a stock surge on June 12, 2024, closing up 13.13% with 100,460 shares traded, as New European Client Adopts their Drug Screening System, making it an opportune moment to examine INBS stock more closely. The client will use INBS's Intelligent Fingerprinting Drug Screening System to monitor employee fitness for duty in the United Kingdom. Previously relying on third-party urine testing, the shift to Intelligent Bio Solutions underscores a paradigm shift in the drug testing healthcare sector and the client’s commitment to operational efficiency.

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GameStop Raises $2.14 Billion, Meme Stocks Buzz Fuels Gains Watch: GME, PRSO, DYAI, VTAK, AMC

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