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GameStop welcomes new CEO


The retailer yesterday announced the appointment of George Sherman (ex-CEO of Victra, Verizon retailer) as a new Chief Executive Officer. The GameStop stocks reacted positively on this news: they jumped about 1% to $10,63 and now fluctuate around $10,55.

Major videogame and collectibles shop GameStop appoints a new CEO.

Stocks impacted: GameStop (GME)

GameStop faced some serious pressure after previous CEO, Paul Raines, died of cancer in March 2018. Before passing away, he had plans to start revitalizing process for the company’s business. It is worth noting that shares of GameStop down about 16% this year through. Yesterday jump could mark the very beginning of long-term upside.

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