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GameStop to Launch Modified Dutch Auction, Stock Rises From Post-Earnings Drop

Tony Owusu

The auction price will be regimented at a price not greater than $6 and not lower than $5.20 per share. GameStop shares closed Friday's session down 2.14% to $5.02. The Dutch auction will give the beleaguered company a shot in the arm after a rough week following first-quarter earnings that fell 75% as sales tumbled 12% year over year.