GameStop Stock Explodes Again Following CFO Departure
GameStop (NYSE: GME) stock rocketed higher late in Wednesday's trading, apparently spurred on in part by the departure of CFO Jim Bell. The stock more than doubled in the day's trading, adding another fascinating twist in the recent saga of huge gains and volatility.
News hit on Tuesday that Bell would be stepping down from the CFO role on GameStop, with Business Insider reporting that the executive had been forced out in order to accelerate the pivot to e-commerce championed by large stakeholder and Chewy co-founder Ryan Cohen. The video game retailer's stock saw relatively little movement in early trading following news of Bell's departure, which makes the late-day surge all the more interesting.
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Source Fool.com
