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Here's Why GameStop Stock Soared Today

TheMotleyFool

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Shares of GameStop (NYSE: GME) surged 18% on Wednesday, as investors applauded its plan to rid itself of debt.

GameStop said late on Tuesday it would pay off senior notes with a principal amount of $216.4 million on April 30. The notes weren't scheduled to come due until 2023.

GameStop's stock price rallied on Wednesday. Image source: Getty Images.

Source Fool.com

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