News Formal

GameStop shares sink after company update on business, plans stock sale

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

After a wild week of trading, GameStop announced a sale plan for up to tens of millions of its shares and also gave a lukewarm business update disappointing investors.

GameStop shares tumbled on Friday after the video game retailer released preliminary financial results and announced a plan to sell millions of shares of common stock. Under the sale agreement, the company said it may sell as many as 45 million shares of its common stock using Jefferies as its sales agent, according to a filing with the Securities and Exchange Commission .

The video game retailer disclosed the stock sale plan on the same day that it released preliminary quarterly results that showed its net sales for the first quarter will be in a range of $872 million to $892 million, and its net loss would be in a range of $27 million to $37 million. GET FOX BUSINESS ON THE GO BY CLICKING HERE

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 458. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stocks making biggest moves premarket: Under Armour, Walmart, AMC, GameStop, Canada Goose and moreThese are some of the stocks posting the largest moves in premarket trading.
Fonte: NBCLA - 🏆 319. / 59 Consulte Mais informação »

Meme stocks slide as GameStop’s preliminary Q1 results spark another sell-offMeme stocks slide as GameStop’s preliminary Q1 results spark another sell-off
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »