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GameStop Sees Stock Rise 5%

While GameStop has had a horrible year, the company finally have some good news as stock rose 5% in exceeded trading.

In a letter to shareholders, the company noted an update to their Reboot Plan which would reduce the amount of debt and costs within the company. The company also said they have improved their overall capital structure which allowed them to reduce their debt by $401 million and repurchase 38.1 shares in stock buybacks.

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