Market Movers Today: Facebook Inc (FB), Kohl’s Corporation (KSS), GameStop Corp. (GME) and More

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GameStop Corp. (NYSE:GME) (CNBC)
GameStop stock dropped 11 percent in trading Friday after the company announced it expects impairment charges of between $350 million to $400 million at the end of the fourth quarter. The added costs are largely from people holding onto smartphones longer and not upgrading to new models, GameStop said, which saw sales from its technology brands business drop 18.6 percent during the nine-week holiday period. The company owns more than 1,400 branded AT&T stores, making it the telecom giant’s largest retail partner.

Tuniu Corp (NASDAQ:TOUR) (Benzinga)
Tuniu Corp (NASDAQ:TOUR) climbed 11.7 percent to $8.50. Tuniu reported a $100 million share repurchase program and reported the promotion of Mr. Shihong Chen from Vice President to Chief Technology Officer, effective immediately.



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