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Stock impact report

Why GameStop Stock Popped 11% on Wednesday [The Motley Fool]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: The Motley Fool
GameStop's venture into selling cellphones never made much sense -- and at long last, it's decided to stop. Rich Smith ( TMFDitty ) Nov 21, 2018 at 6:34PM What happened What do you call it when a retailer supposedly specializes in selling video games, but one day goes out and tries to build a new business selling cellphones ? (Personally I'd call it diworsification .) And what do you call it when that same gaming retailer realizes the error of its ways and announces it's getting out of the cellphone business? Investors today called it a good reason to buy GameStop ( NYSE:GME ) , and proceeded to bid up its shares by 11.6% by close of trading. GameStop has finally had enough of the cellphone business. Image source: Getty Images. So what Today's announced  deal has GameStop selling its Spring Mobile business, which owns and operates Show less Read more
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