GameStop stock bounces back after CFO resignation

February 25, 2021 0 By boss

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GameStop

GameStop has a 1-Up in the stock market.


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GameStop’s stock price shot up by 90% Wednesday afternoon following news on Tuesday that Jim Bell, the retailer’s chief financial officer, is resigning

Bell will resign from GameStop on March 26, the company said in a release. Diana Jajeh, GameStop’s current senior vice president, will serve as interim CFO while it searches for a permanent replacement.

Bell didn’t leave the company willingly, according to Business Insider. Bell was reportedly pushed out by the board over a lack of faith and an initiative to reshape the company by Ryan Cohen, co-founder of Chewy, who made a large investment in the video game retailer last year. 

More info to come. 

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