GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake

CNBC

GameStop rallied Monday after the video game retailer announced its CEO succession plan as it tries to pivot to e-commerce following a historic short squeeze.

“GameStop’s next CEO and CFO are likely to come from the tech industry, as with the other recent senior hires, and would require a wide range of strategic and operational experience, given GameStop’s complex business model, including ~4,800 global stores, digital, used games, new software and hardware, and collectibles,” Telsey Advisory Group analyst Joseph Feldman wrote in a note.

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