GameStop surges after announcing it's selling its AT&T Wireless stores for $700 million [DailyFinance (AOL.com)]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: DailyFinance
GameStop announced Wednesday that it will sell its Spring Mobile business, which owns and operates 1,289 AT&T wireless stores, for $700 million. In September, the company reported second-quarter results that beat on revenue but missed on earnings. It's set to report third-quarter financial results after the market closes on November 29. Watch GameStop trade live. GameStop shares surged as much as 18% on Wednesday after the company said it had agreed to sell its Spring Mobile business. In a statement, the company said it was selling the division, which owns and operates 1,289 AT&T wireless stores, to Prime Communications for $700 million. GameStop shares were halted before the announcement and touched an intraday high of $14.49 when trading resumed. The 18% gain was the most in over 13 years according to Bloomberg data. RELATED: Take a look at the best companies in 2018, according to LinkedIn: 50 PHOTOS LinkedIn top 50 companies 2018 Se
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GME
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- 3/26/24 - Miss
GME
Sec Filings
- 4/25/24 - Form 4
- 4/24/24 - Form 4
- 4/24/24 - Form 144
- GME's page on the SEC website