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GameStop Surges on Report Activist Pushed Out CFO

Stock MarketsFeb 24, 2021 04:34PM ET
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© Reuters.

By Liz Moyer

Investing.com-- GameStop Corp (NYSE:GME) doubled during Wednesdays trading session and continued to rise in after-hours trading after reports an activist led a shake up in the executive suite.

The so-called meme stock rose 25% in after-market hours after gaining 103.9% during market hours.

GameStop said on Tuesday its chief financial officer would leave later next month. Insider reported that the departure was orchestrated by Ryan Cohen, the co-founder of Chewy Inc (NYSE:CHWY) who invested in GameStop last year. Bloomberg reported the board pushed out the CFO, Jim Bell, "to make way for an executive more in line with the vision of activist investor and board member Ryan Cohen."

 

GameStop Surges on Report Activist Pushed Out CFO
 

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Comments (17)
Matt Kay
Matt Kay Feb 25, 2021 4:46AM ET
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AN accountant left!!!! stonk up 100% hope this ponzi scene collapses entire stock market
Irvin Mermelstein
Irvin Mermelstein Feb 25, 2021 4:03AM ET
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definitely not my thing
Dave Jones
Dave Jones Feb 24, 2021 10:28PM ET
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buy physical silver if you want to beat them! 💎🖐
David David
David9 Feb 24, 2021 9:02PM ET
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They are stooooopid...the short hedge funds are out, they are only squeezing eachother and the last one to exit will hold the smelly bag...
William Smith
William Smith Feb 24, 2021 8:44PM ET
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I thought I'd take a stab at this craziness so I bought 1000 shares of KOSS this afternoon for $11.00. So far, so good.
David David
David9 Feb 24, 2021 8:44PM ET
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when you sell it, it will be worth $2.
Jay Rhyder
Jay Rhyder Feb 24, 2021 6:30PM ET
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Another pump and dump.... I wonder how many poor souls will lose their money this time...?
tyler brown
tyler brown Feb 24, 2021 6:30PM ET
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people can put their money where they want. get over it.
tyler brown
tyler brown Feb 24, 2021 6:30PM ET
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people can put their money where they want.
tyler brown
tyler brown Feb 24, 2021 6:30PM ET
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get over it
DRE KNOWS MMA
DRE KNOWS MMA Feb 24, 2021 6:30PM ET
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lol that's exactly what I said
DRE KNOWS MMA
DRE KNOWS MMA Feb 24, 2021 6:30PM ET
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that's exactly what I said
Tuong Ngo
Tuong Ngo Feb 24, 2021 6:25PM ET
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Last lesson have bever been learned. Do investing, not gambling!!!!
Stenli Petrov
Stenli Petrov Feb 24, 2021 5:59PM ET
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Let's go guys, do it for justice, let's squeeze these Hedge funds and short guys again! Buy GME, let's go to the moon!!!
la popeye
la popeye Feb 24, 2021 5:59PM ET
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i wonder if you re in the bandwagon!?🤔
Geoff McKay
Geoff McKay Feb 24, 2021 5:59PM ET
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HODLing
Karan Patel
Karan Patel Feb 24, 2021 5:48PM ET
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Let's go!
Ronnie Strickland
Ronnie Strickland Feb 24, 2021 5:43PM ET
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Ante Parcina
Ante Parcina Feb 24, 2021 5:38PM ET
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history repeats itS self. enough spoken for smart ...
aliasghar yami
aliasghar yami Feb 24, 2021 5:35PM ET
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buy 100$ and hold again
David David
David9 Feb 24, 2021 5:28PM ET
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many will hold the empty bag again... they never learn the lesson...
Oussama El hafiane
Oussama El hafiane Feb 24, 2021 5:28PM ET
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which means?
Kyle Mack
Kyle Mack Feb 24, 2021 5:04PM ET
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lol. see you buying at the top.
Somayeh Mohebbi
Somayeh Mohebbi Feb 24, 2021 5:02PM ET
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Ali Kaleem
Ali Kaleem Feb 24, 2021 5:01PM ET
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See you on the moon space cowboys
Daniel Kluska
Daniel Kluska Feb 24, 2021 5:00PM ET
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it on something was for me the money
nudubisi Austin
nudubisi Austin Feb 24, 2021 5:00PM ET
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investment
 
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