GameStop Gets A New CEO Effective Immediately - Billionaire Ryan Cohen
Portfolio Pulse from Vandana Singh
GameStop Corp (NYSE:GME) has elected Ryan Cohen as its new President and CEO, effective immediately. Cohen, who previously held the title of chairman, took a 9% stake in the company in August 2020, which he later increased to 13%. GameStop's stock price saw a dramatic increase in January 2021 due to the meme stock rally, but has since given up a substantial portion of its gains. GME shares are up 6.59% in the premarket session.
September 28, 2023 | 11:10 am
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POSITIVE IMPACT
Ryan Cohen's appointment as CEO could potentially lead to positive changes in GameStop's management and strategy, which may positively impact the company's stock price.
Ryan Cohen's previous investments and active role in the company have shown his commitment to GameStop's success. His new role as CEO could bring about strategic changes that may positively impact the company's stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100