Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ GameStop shares for shares hours after the resignation of the CFO

GameStop shares for shares hours after the resignation of the CFO

GameStop retail store

GameStop has a 1-up stock market.

Getty images

GameStop shares there seemed to be a second life on Wednesday as the stock price jumped more than 80% in non-business hours to $ 168. This came after a late jump in the afternoon doubled the opening price by $ 44.70.

The stock comes after news Tuesday that Jim Bell, the trader’s chief financial officer, is resigning. Bell will resign from GameStop on March 26, the company said in a statement. Diana Judge, the current senior vice president of GameStop, will serve as interim CFO while the company seeks a permanent replacement.

Bell did not leave the company willingly, according to Business Insider. He was reportedly pushed off the board due to a lack of faith and an initiative to restructure the company by Ryan Cohen, co-founder of Chewy, who made a major investment in the video game retailer last year.

Cohen tweeted a picture of an ice cream cone on Wednesday. While it doesn’t seem to matter, it happened around the time GameStop shares began to rise.

The the video game trader saw his stock price jump sharply at the end of January thanks to a push from merchants of subreddit r / WallStreetBetsreaching a peak of about $ 480. It has since it continued to fall, losing much of its value.

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