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GameStop’s Record-Breaking Profit Turnaround: $2B Buyback and the $56B Hostile Gambit
GameStop Corp. (NYSE: GME) closed regular trading hours on June 2, 2026, down slightly at $20.92, but instantly electrified the after-hours session, rocketing 7.07% higher to $22.40. This aggressive price movement was triggered by a dramatic structural reversal in the entertainment retailer’s fiscal Q1 earnings report, paired with an immense new capital return program.