GameStop shares soar more than 100% amid executive shuffle
A GameStop store is pictured in New York, January 29, 2021.
Carlo AllegriI | Reuters
Shares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up.
Shares were halted with less than 30 minutes left in the trading day and the stock ended the day up 103.9%. Shares of GameStop rose 50% in after hours trading on Wednesday.
GameStop announced Tuesday that its chief financial officer Jim Bell will resign on March 26.
“Mr. Bell’s resignation was not because of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices, including accounting principles and practices,” the company said in a filing with the Securities and Exchange Commission.
Sources familiar with the matter told…