GameStop’s Window to Cash In on the Meme Stock Rally Is Closing

A raucous two-week stretch for GameStop Corp. has more than tripled its share price, but the company itself hasn’t taken advantage of the surge by selling stock — and the explanations about why are wide-ranging.

Unlike AMC Entertainment Holdings Inc., a fellow meme stock darling that did cash in as shares spiked, GameStop apparently didn’t have a so-called at-the-market filing in place ahead of the rally which would allow it to sell new shares with no additional paperwork. The retailer also is expected to release quarterly earnings soon, and may have decided it wouldn’t or couldn’t speed up the ...