Bulletin
Investor Alert

Market Pulse Archives

April 19, 2021, 6:09 a.m. EDT

GameStop CEO George Sherman to step down by end of July, stock jumps

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    GameStop Corp. Cl A (GME)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of GameStop Corp. /zigman2/quotes/203755179/composite GME +0.06% shot up 6.0% in premarket trading Monday, after the videogame retailer said Chief Executive George Sherman will step down no later than July 31, after two years in the role. He could step down earlier if a successor is appointed. The company said in its annual report filed in March that it was "evaluating executive leadership team skill sets related to changing business requirements," and had hired a third-party firm to help in the evaluation. "The board's Strategic Planning and Capital Allocation Committee is leading a search to identify Chief Executive Officer candidates with the capabilities and experience to help accelerate the next phase of the Company's transformation," the company said in a statement. The so-called meme stock has soared 293.0% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.74% has climbed 10.2%.

/zigman2/quotes/203755179/composite
US : U.S.: NYSE
$ 161.11
+0.10 +0.06%
Volume: 2.93M
May 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$11.40 billion
Rev. per Employee
$424,150
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,232.60
+30.98 +0.74%
Volume: 2.05B
May 7, 2021 5:15p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.