GameStop shares slump after CEO firing and other stocks on the move

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Here are some of the biggest movers of Thursday.

Semtech Corp. shares SMTC soared 24% after the analog and mixed-signal chipmaker swung to a surprise profit.Semtech Corp. shares SMTC soared 24% after the analog and mixed-signal chipmaker swung to a surprise profit.GameStop Corp.‘s stock GME tanked 17% after the retailer fired Chief Executive Mike Furlong and said that its board elected activist investor Ryan Cohen as its executive chairman.

Shares of Smartsheet Inc. SMAR fell 17% after the cloud-based work-management platform provider’s billings missed Wall Street estimates and its free-cash-flow outlook appeared light. Shares of Oxford Industries Inc. OXM dropped 5% in the aftermarket Wednesday after the parent company of Tommy Bahama and other brands lowered its guidance for the year, saying that consumers have grown more cautious.

 

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