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GameStop Surges on Report Activist Pushed Out CFO

Published 02/24/2021, 04:24 PM
Updated 02/24/2021, 04:34 PM
© 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."

 

Latest comments

AN accountant left!!!! stonk up 100% hope this ponzi scene collapses entire stock market
definitely not my thing
buy physical silver if you want to beat them! 💎🖐
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...
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.
when you sell it, it will be worth $2.
Another pump and dump.... I wonder how many poor souls will lose their money this time...?
get over it
lol that's exactly what I said
that's exactly what I said
Last lesson have bever been learned. Do investing, not gambling!!!!
Let's go guys, do it for justice, let's squeeze these Hedge funds and short guys again! Buy GME, let's go to the moon!!!
i wonder if you re in the bandwagon!?🤔
HODLing
Let's go!
;)
history repeats itS self. enough spoken for smart ...
buy 100$ and hold again
many will hold the empty bag again... they never learn the lesson...
which means?
lol. see you buying at the top.
hi
See you on the moon space cowboys
it on something was for me the money
investment
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