GameStop Corp
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Take a look at some of Friday's midday movers:
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NEW YORK-- A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Abercrombie& Fitch Co.: Approximately 9,422,600 shares changed hands, a 392.1 percent increase over its 65- day average volume. The shares fell $4.35 or 8.0 percent to $50.02.
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NEW YORK-- Shares of GameStop Corp., which have made strong gains in 2013, sank Friday in spite of the video game retailer's better-than-expected quarterly results and increased outlook.
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NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Abercrombie& Fitch Co. fell 10.0 percent to $48.94. Gamestop Corp. fell 9.7 percent to $32.50.
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GameStop shares took a hit after Microsoft unveiled its Xbox One and it said it wouldn't play used games, or would charge a fee to do so. Paul Raines, CEO of GameStop, offers insight on the quarter and the console business.
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May 23- GameStop Corp raised the lower end of its full-year earnings forecast on Thursday after beating fourth-quarter estimates, counting on a boost from new gaming consoles due later this year and further growth in digital and mobile sales. New gaming consoles like Microsoft's Xbox One and Sony Corp's Playstation4 are expected to launch in coming months.
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This market is not being kind to shorts. In fact they're getting buried, according to research done by Paul Hickey of Bespoke Investment Group.
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More than 86 percent of the S&P 500 stocks are trading above their 50-day moving average. Some of those companies, however, have significantly broken out from their trading range.
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*Suntrust raises target price to $44 from $35; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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Talk about a Jedi mind trick — Madison Avenue wants in on Star Wars' "force."
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By Neha Alawadhi and Malathi Nayak. March 28- Retailer GameStop Corp warned of weak sales this year as customers delay purchases ahead of the arrival of next-generation videogame consoles, but it reported stronger-than-expected quarterly results. GameStop's full-year earnings forecast lagged analysts' estimates by a sizable margin.
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NEW YORK, March 24- U.S. stocks could break through to all-time closing highs this week, but it could depend on a solution to Cyprus' fiscal woes. Cyprus faces a Monday deadline to avert a collapse of its banking system.
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NEW YORK, March 22- U.S. stocks could break through to all-time closing highs next week- provided a resolution to the fiscal woes of Cyprus satisfies investors.
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Were this any other transition period for the video game industry, GameStop stock would be soaring these days. But digital distribution is changing the game.
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Feb 25- Barnes& Noble Inc said its chairman, Leonard Riggio, plans to make an offer for the company's bookstores, a deal that would result in splitting them off from the company's Nook device and e-book business, which has been losing ground to Amazon.com.
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Feb 25- Barnes& Noble Inc said its chairman, Leonard Riggio, plans to make an offer for the bookseller's retail business, a deal that would result in splitting off the traditional book business from the company's Nook devices, which have been losing ground to Amazon.com' s Kindle.