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Technology Stocks : GameStop Corp (GME)

GME 22.68

+0.4%

11:44 AM EDT

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From: Sr K	5/17/2024 4:08:40 PM
	of 32

BUSINESS EARNINGS GameStop Shares Retreat on Declining Revenue, Stock Sale The videogame retailer filed to sell up to 45 million more shares after projecting quarterly sales to drop By Dean Seal Updated May 17, 2024 1:31 pm ET Share Resize Listen (2 min) GameStop expects first-quarter sales to hit $872 million to $892 million. PHOTO: MICHAEL NAGLE/BLOOMBERG NEWS GameStop GME -22.77%. decrease; red down pointing triangle shares fell by more than a quarter after the videogame retailer said it would sell up to 45 million more shares and that sales continue to slide sharply. The stock was down 25.6% at $20.58 in midday trading Friday and has shed more than 50% in the last three days, following a weeklong run-up reminiscent of the meme stock rally that had rocked markets in early 2021. Exc.

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