GameStop Shares Surge Again in Premarket Trading
Video Credit: Wibbitz Top Stories - Duration: 00:53s - Published
GameStop Shares Surge Again in Premarket Trading
GameStop Shares Surge Again in Premarket Trading .
On Feb.
25, the stock climbed over 70% before markets opened.
This climb is on top of the additional 103.9% increase the stock saw by market close the day before.
.
On Feb.
23, it was announced that GameStop Chief Financial Officer Jim Bell will be resigning by March 26.
Many speculate that Chewy co-founder Ryan Cohen may take his place.
This prompted investors to buy up more shares as they suspect GameStop is making a play at securing its place in digital commerce.
WallStreetBets Redditors welcomed the news, as they had a hand in January's skyrocketing share prices via a short-squeeze on hedge funds
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