Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessRyan Cohen Activist Investor Will Become Chairman of GameStop

Ryan Cohen Activist Investor Will Become Chairman of GameStop

Add to Favorite
Added to Favorite

 

Ryan Cohen, activist investor of RC ventures will become GameStop’s knew chairman which will be announced at the company’s annual shareholder meeting June 9th. The stock rose up 4% in premarket training once the announcement came out. For the past three days the stock has been on a losing streak. The stock is valued at approximately $12.8 billion.

Ryan Cohen is the co-founder of Chewy, an online retail destination that delivers pet food and accessories for pet lovers. After Cohen’s first initial investment his plan it’s for the video game retailer to focus on an online sales and close stores that have not been profitable.

When investors got wind of Cohen’s involvement in GME (Common Stock) shares had soared to sky high gains in the beginning of this year, late January.

Other executives have joined GameStop  from Walmart, Amazon, QVC and Chewy taking executives positions. Chief Financial Officer Jim Bell resigned, and the company will search for a new CEO that has  more  experience in e-commerce. Alan Attal and CEO George Sherman have also been named to the board.

The new board nominees will be  Larry Cheng, the first investor in Chewy, and Yang Xu, a Kraft Heinz executive. executive at Kraft Heinz.

Larry Cheng is Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts and the first investor in Chewy. He has more than two decades of venture capital and growth equity investing experience based on time at Volition Capital, Fidelity Ventures, Battery Ventures, and Bessemer Venture Partners.

Yang Xu is Senior Vice President of Global Finance and Treasury at The Kraft Heinz Company. She has more than 20 years of broad experience across the capital markets, finance, strategic planning, transactions and business operations in the U.S., Asia and Europe. Prior to The Kraft Heinz Company, she held roles with Whirlpool Corporation and General Electric Healthcare.

On April 5th, 2021, GameStop announces at-the-market equity offering program. The   company can sell up to 3.5 million shares and intends to use any proceeds to further accelerate transformation and strengthen balance sheet.

GameStop announces preliminary sales results for the first nine weeks of fiscal 2021 reflecting an approximately 11% increase compared to the prior year period. Sales for the five-week March 2021 period increased approximately 18% from prior year.

Image Credit Wiki

Subscribe to get Latest News Updates

Latest News

You may like more
more

Werner Enterprises Started With a Sell Rating at Citi

Citi analysts initiated coverage on Werner Enterprises (NASDAQ:WERN) with...

Wells Fargo Upgrades LPL Financial to Overweight, Shares Rise 3 percent

LPL Financial Holdings (NASDAQ:LPLA) shares rose more than 3%...

Guggenheim Starts Crocs Coverage at Buy, Targets $182 on Strong Brand Presence in Casual Footwear

Guggenheim analysts initiated coverage on Crocs (NASDAQ:CROX) with a...

Cantor Fitzgerald Reiterates Neutral Rating on Alphabet Ahead of Q3 Earnings

Cantor Fitzgerald analysts reaffirmed their Neutral rating and $190...