GameStop stock tanks on move to issue shares, quarterly sales decline

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GameStop shares tanked on Friday morning after the company filed to sell stock and pre-announced sales for the first quarter that came in below Wall Street's...

The video game operator said it expects sales to be in a range of $872 million to $892 million, down from $1.24 billion in the same period a year prior. Wall Street had expected revenue of just over $1 billion for the quarter, according to data from Bloomberg.The release capped off a wild week of trading in shares of GameStop.

The Gamestop store in Annapolis, Maryland, on September 7, 2022. - ). On Monday, The struggling theater chain raised $250 million of "new equity capital" through the sale of 72.5 million shares on Monday,Shares in AMC have also sold off since its announcement. After rising more than 200% at its peak, AMC has now gained about 50% in the past week.Looking for dividends? I wouldn't count on Enbridge stock forever. But there's another that's been a proven winner.

The solid long-term growth potential of these two Canadian growth stocks makes them really attractive to buy today and hold for the next 10 years. The post 2 Top Canadian Growth Stocks That Could Make You Rich in 10 Years appeared first on The Motley Fool Canada. -- China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.

Source: News Formal (newsformal.com)

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