Author Bio
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years. When he isn’t writing, he is usually out for a run, or relaxing to the music of the Grateful Dead.
GameStop (NYSE:GME) announced today that CEO George Sherman will be stepping down on July 31, or sooner if the company finds a successor earlier. The move is the latest in the plan for the video game retailer to transition from a brick-and-mortar sales model to a company focused on an e-commerce business.
4/19/2021 2:05:00 PM GMT | By Stocks Reporter
NYSE:AMC bounces back from last week s losses.
AMC seeing some of the GameStop effect as GME rallies 9%.
AMC still has headwinds despite economic re-opening.
Update: AMC is staging something of a comeback, sequel call it what you will but the cinema is having a blockbuster day! Ok, that is enough now stop it! But AMC is up 2% on Monday and aiming to reclaim $10. GameStop is having a moment as Roaring Kitty rides again and GME is looking for a new CEO. So GME the king meme stock is dragging its meme brothers along with it. AMC is trading at $9.54, up 2.2%.
GameStop Corp s George Sherman will step down as CEO at the end of July
Company shares rose 8% before the opening bell on Wall Street on Monday
Less than two weeks ago, the Grapevine, Texas, company announced the nomination of Chewy founder Ryan Cohen as chairman of the board
Former CFO, Jim Bell, and former chief customer officer, Frank Hamlin, are among the senior executives who have also left the company in recent weeks
The changes have coincided with the meteoric January rise of GameStop s shares thanks to the so-called Reddit rally
Roaring Kitty acquires more shares in GameStop - Bloomberg
04/17/2021 23:57
(Reuters) - The man known as Roaring Kitty on social media, whose online posts helped spark January s trading frenzy in GameStop Corp, exercised call options on the stock to acquire 50,000 more shares at a strike price of $12, Bloomberg reported.
Bloomberg cited a screenshot of Keith Gill s portfolio showing that he exercised 500 GameStop call options expiring Friday, when the stock closed at $154.69.
The screenshots were posted on Reddit by Gill, and his mother confirmed the posts to Bloomberg. Reuters could not immediately reach the Gills for comment on Saturday.
His total investment in GameStop is now worth more than $30 million, giving him a profit of nearly $20 million, Bloomberg said. Gill has 200,000 shares in the company, the report said.
by Tyler Durden
Saturday, Apr 17, 2021 - 03:54 PM
You won t find Roaring Kitty Capital, LP in any Goldman Sachs salestrader s rolodex but to the millions of WallStreetBets daytrading fanatics, the name Roaring Kitty is far more popular than Bridgewater, Citadel, or Millennium.
And for good reason: Keith Gill, the person behind the moniker
Roaring Kitty and
DeepFuckingValue , who launched a historic short squeeze across multiple asset classes in January, destroying Melvin Capital
(which needed a bailout from both Ken Griffin and Steve Cohen) and several other heavily bearish hedge funds, showed ordinary investors that virtually anyone can become a millionaire with lots of hard work and preparation. before eventually ending up in Congress explaining to Maxine Waters just how a relative nobody managed to outsmart people who run billions thanks to his now iconic investment in Gamestop.