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© Reuters.
Written by Liz Muir
Investing.com – GameStop (NYSE) stock price doubled Wednesday during the trading session, and the rally continued into the post-trade hours, after reports from activist who changed the chief financial officer of the company.
The stock is up 25% after-hours trading, in addition to a 103.9% increase in trading hours.
The company’s chief financial officer has resigned. According to internal reports, the outing was organized by one of the founders of Choi Chewy Inc (NYSE :), Ryan Cohen, who invested in GameStop last year.
A Bloomberg report says the company’s chief financial officer Jim Bell has been removed from his post in line with the vision of active investor and board member Ryan Cohen.
Update
Shares of GameStop rose 54% in the pre-trade hours, to $ 141.70, while Coss Corp gained 57%, while NASDAQ: SNDL rose 10%.
NYSE: AMC jumped 17%, after jumping 18.1%.
Reddit forums are buzzing with life around Gamestop stocks, with investors uploading large amounts of stock.
One of them said, “I bought a lot of GameStub shares, keep fighting.” Another said: “The Brightness of the Planet of the Apes: Game Stop Edition”.
At the Frankfurt Stock Exchange, stock prices have multiplied by 3, after having doubled on Wall Street.
Everyone thought Reddit was a thing of the past, but it seems to be making a comeback.
Adult opinion:
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