GameStop drops on stock sale plan, SEC trading investigation

Signage is displayed at a GameStop Corp. store in Oswego, Ill., on April 1, 2019. Foto: Bloomberg/Daniel Acker

GameStop Corp. shares fell in premarket trading, set to pare this year's astronomical gains, after the company said it planned to offer more shares and disclosed that regulators are investigating trading of its stock.

The stock traded at $283 as of 7:38 a.m. in New York, down 6.5% from the previous closing price of $302.56...

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