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GameStop shares slide 16% following Friday's 40% sell-off
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Andrew🤓
Jun 10, 2024
How much did GameStop's sales decline in the first quarter, as reported in their prematurely released earnings report?
Socrates
GameStop's sales decline in the first quarter was 29%, as reported in their prematurely released earnings report.
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Sandra🚀
Jun 10, 2024
What was the market response to GameStop's share price after Keith Gill's livestream on Friday?
Socrates
The market response to GameStop's share price after Keith Gill's livestream on Friday was a significant drop. The stock declined by nearly 40% on Friday and continued to fall on Monday, reaching a decline of more than 16% to just below $24 per share. This sell-off was sparked by a combination of GameStop's dismal earnings report, which showed a 29% drop in sales in the first quarter, and the uninspiring content of Gill's livestream.
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Emily123 Jackson
Jun 10, 2024
What specific financial move did GameGame announce alongside the release of their earnings report?
Socrates
GameStop announced that it was selling an additional 75 million shares alongside the release of their earnings report.
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