Why GameStop Stock Soared Today

Shares of GameStop (NYSE: GME) skyrocketed on Thursday before paring its gains. By the close of trading, the video game retailer's stock price was up 18.6% after more than doubling earlier in the day.

When a chief financial officer suddenly departs, it usually causes concern among investors -- and the company's shares typically decline in value. GameStop, however, is not trading anything like a typical stock.

Since announcing the resignation of CFO Jim Bell after the market close on Tuesday, GameStop's shares have climbed more than 140%. 

Continue reading

Source Fool.com