GameStop Is Surging Again. And No One Can Say Why.


GameStop shares doubled on Wednesday with most of the gains coming in the last hour of trading. The rally carried over into after hours trading, with the stock up another 70% in the extended session. The cause of the move is up for debate.

Telsey Advisory Group analyst Joseph Feldman wrote that the hunt for a new CFO could bring in “a top talent who has deep understanding of digital and aligns with GameStop’s recently refreshed board’s financial and strategic approach.”

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