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GameStop shares tumble as analysts sound death knell for long-term value growth

GameStop shares tumble as analysts sound death knell for long-term value growth
Expert issues warning as the market for new gaming systems matures after new launches from Microsoft and Sony
Analysts are predicting that GameStop s share performance has run out of steam.
Mon, 12 Apr, 2021 - 20:00
Bailey Lipschultz
GameStop’s Reddit-fuelled trading surge is likely going to fade as threats from digital game downloads sink in, according to one sceptical Wall Street analyst.
The stock slumped after Ascendiant Capital Markets analyst Edward Woo downgraded the retailer to ‘sell’ status from ‘hold’, saying increasing digital sales for video-game publishers is a looming risk given GameStop’s minimal market share. ....

Wall Street , Ascendiant Capital Markets , Edward Woo , Organisation Gamestop , சுவர் தெரு , எட்வர்ட் வூ ,

GameStop initiates search for new CEO: Sources

April 13, 2021
published at 6:53 AMReuters
A GameStop store is seen in the Jackson Heights neighborhood of New York City, New York, US, on Jan 27, 2021.
Reuters
GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday (April 12).
It would be the biggest shakeup at GameStop since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy Inc, joined its board in January and began laying the groundwork for a shift in culture and strategy, people familiar with his work at GameStop said. ....

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Exclusive: GameStop initiates search for new CEO -sources

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(Reuters) - GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday.
It would be the biggest shakeup at GameStop since Ryan Cohen, the co-founder and former chief executive of online pet food company Chewy Inc, joined its board in January and began laying the groundwork for a shift in culture and strategy, people familiar with his work at GameStop said.
Its stock is up almost 4,000% from a year ago, after it became the poster child of day traders betting on so-called meme stocks. ....

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Exclusive: GameStop initiates search for new CEO

Exclusive: GameStop initiates search for new CEO
yibada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yibada.com Daily Mail and Mail on Sunday newspapers.

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GameStop Initiates Search For New CEO: Report

GameStop Initiates Search For New CEO: Report
ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.

Elliott Wilke , Matt Francis , Kelli Durkin , Neda Pacifico , Frank Hamlin , Jim Bell , George Sherman , Zandrea Wolfe , Jenna Owens , Ryan Cohen , Gamestop Corp , Home Depot Inc , Chewy Inc , Auto Parts Inc , Chief Financial Officer Jim Bell , Chief Customer Officer Frank Hamlin , Advance Auto Parts Inc , Wall Street , Edward Woo , எலியட் வில்கே , மேட் பிரான்சிஸ் , கெல்லி துர்கின் , நேட பாஸிஃபீகொ , வெளிப்படையான ஹாம்லின் , ஜிம் மணி , ஜார்ஜ் ஷெர்மன் ,