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


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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