Breaking: GameStop (GME) CEO George Sherman resigns, Roaring Kitty buys more
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UNLOCK OFFERGameStop (GME) has announced that CEO George Sherman will be stepping down from his position at the end of July 2021. GameStop says he may step down earlier if a successor is found before then.
Ryan Cohen, incoming Chairman of the Board, commented that “Sherman took many decisive steps to stabilize the business during challenging times” and “Gamestop is much stronger today than when he joined”. Cohen also thanked Sherman “for forming important partnerships with the new directors and executives who have joined GameStop in recent months.”
George Sherman, Chief Executive Officer, added that he is “very proud” of what has been accomplished at GameStop over the past two years.
Separately, Bloomberg reports that Keith Gill exercised options expiring on Friday to purchase another 50,000 shares in GameStop (GME) at $12.
GameStop (GME) stock forecast
Gamestop (GME) shares are trading at $164.20 in Monday's pre-market, a gain of 6.1% from Friday.
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GameStop (GME) has announced that CEO George Sherman will be stepping down from his position at the end of July 2021. GameStop says he may step down earlier if a successor is found before then.
Ryan Cohen, incoming Chairman of the Board, commented that “Sherman took many decisive steps to stabilize the business during challenging times” and “Gamestop is much stronger today than when he joined”. Cohen also thanked Sherman “for forming important partnerships with the new directors and executives who have joined GameStop in recent months.”
George Sherman, Chief Executive Officer, added that he is “very proud” of what has been accomplished at GameStop over the past two years.
Separately, Bloomberg reports that Keith Gill exercised options expiring on Friday to purchase another 50,000 shares in GameStop (GME) at $12.
GameStop (GME) stock forecast
Gamestop (GME) shares are trading at $164.20 in Monday's pre-market, a gain of 6.1% from Friday.
At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Errors and omissions excepted.
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