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GameStop shakes off earnings slump, soars 50% to snap recent slide

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A man looks at GameStop at 6th Avenue on February 25, 2021 in New York.

John Smith | Corbis News | Getty Images

GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose more than 50% and showed that their wild swings are not yet over.

The stock slumped 33% in the prior session after the company reported disappointing fourth-quarter results and failed to give in-depth detail about its turnaround plans. The company also disclosed that it was considering selling more stock.

That was the fifth-straight negative day for the stock after closing near $210 per share on March 17. Shares rose 52.7% to close at $183.75 on Thursday.

There was no…



Source cnbc.com

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