GameStop shares plummet after fifth CEO exit in 5 years

By Akash Sriram

Technology
Thursday, 08 Jun 2023
6:41 PM MYT

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A man walks in front of a GameStop store in the Jackson Heights neighborhood of New York City, New York, U.S. January 27, 2021. REUTERS/Nick Zieminski

(Reuters) -GameStop fell about 19% on Thursday and was set for its worst session in two years after the surprise exit of a CEO handpicked to lead its online expansion fanned concerns about the videogame retailer's ailing business.

The ousting of former Amazon.com executive Matt Furlong came alongside top shareholder Ryan Cohen's appointment as the executive chairman of a company that he turned into a favorite of meme-stock traders with promises of a digital pivot.

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STARPICKS

Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
HSI-CWEI	0.070	0.080	0.070	0.075	0.010	15.38	2,881,712
HSI-CWGA	0.120	0.130	0.115	0.130	0.015	13.04	2,103,282
HSI-PWFZ	0.200	0.200	0.180	0.180	-0.025	-12.20	1,725,030
HSI-CWEZ	0.140	0.150	0.140	0.150	0.010	7.14	1,468,108
MYEG	0.950	0.970	0.950	0.970	0.020	2.11	982,716
HSI-PWFS	0.070	0.070	0.050	0.050	-0.030	-37.50	906,851
TWL	0.020	0.030	0.020	0.025	0.000	0.00	630,811
HSI-CWEP	0.055	0.065	0.050	0.060	0.005	9.09	588,495
HSI-PWHB	0.065	0.065	0.055	0.060	-0.005	-7.69	563,305
YTL	2.030	2.190	2.030	2.180	0.160	7.92	523,063
GAMUDA	4.720	4.820	4.710	4.760	0.060	1.28	508,518
TANCO	0.965	0.980	0.960	0.975	0.010	1.04	351,422
HSI-CWC6	0.215	0.260	0.215	0.250	0.040	19.05	345,286
HSI-PWFF	0.200	0.200	0.165	0.165	-0.050	-23.26	320,493
GENM	2.030	2.030	1.870	1.900	-0.130	-6.40	274,376

GameStop shares plummet after fifth CEO exit in 5 years