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GameStop’s stock extends rally, after plan to sell some international operations - MarketWatch

1. GameStop plans to sell operations in Canada and France. 2. Recent trading shows GME rising 1.2% in premarket. 3. CEO Ryan Cohen hints at potential cryptocurrency investment. 4. GameStop's international operations account for 25.5% of revenue. 5. Company's store count declined in both Canada and France.

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FAQ

Why Bullish?

The potential sale may streamline operations and increase focus on profit-driving ventures, similar to past GME strategies that enhanced stock performance.

How important is it?

The focus on international sales and potential cryptocurrency investments aligns with trends influencing investor sentiment towards GME.

Why Short Term?

Immediate impacts due to operational changes will likely reflect quickly in stock movement, unlike long-term adjustments.

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