GME Stock: Ryan Cohen’s Latest Move Is Giving GameStop Some Fuel | InvestorPlace

 

The past week has been a tenuous one for GameStop (NYSE:GME) stock. Its earnings report proved less than stellar, missing estimates. Talks of a stock offering came the same day, worrying investors of a dilution of Class A common stock. However, much has happened since that is giving the company new life and new hope.

GameStop Stock: Is The Tide Turning For GME Stock?

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It started with a Roaring Kitty r/WallStreetBets post which rallied the GameStop troops. That momentum has only snowballed with news of the company’s change of guard.

GameStop told the U.S. Securities and Exchange Commission last night that eight of its board members will be resigning. Notable names in the industry like Reggie Fils-Aimé of Nintendo (OTCMKTS:NTDOY) fame and Activision’s (NASDAQ:ATVI) Kathy Vrabeck are among those stepping down.

Source: GME Stock: Ryan Cohen’s Latest Move Is Giving GameStop Some Fuel | InvestorPlace

GameStop CFO resigns following Reddit stock trading mania | Fox Business

Following weeks of headline-grabbing attention from a social media-fueled stock trading frenzy, GameStop announced Tuesday its Chief Financial Officer Jim Bell will resign from his role effective March 26.

A reason for Bell’s resignation was not immediately clear. In an SEC filing on Tuesday, GameStop said Bell’s resignation was “not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices.”

Source: GameStop CFO resigns following Reddit stock trading mania | Fox Business