GameStop caused a stir on the US stock exchange floor on Thursday with a personnel change.
According to a very short press release from GameStop, Ryan Cohen will be the new Chief Executive Officer (CEO) effective immediately. Cohen is taking over the position from Matthew Furlong, who was fired by the gaming retailer in June.
In trading on the NYSE, GameStop shares temporarily rose significantly. However, at the close of trading, the paper had lost 1.81 percent to $16.84.
Cohen has been part of the board since 2021 and has been committed to a realignment ever since. As an activist investor, he already caused price fluctuations in the paper in 2020. He first set his sights on GameStop through his investment company RC Ventures.
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