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Why GameStop Stock Soared Today

TheMotleyFool

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Why GameStop Stock Soared TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

Shares of GameStop (NYSE: GME) skyrocketed on Thursday before paring its gains. By the close of trading, the video game retailer's stock price was up 18.6% after more than doubling earlier in the day.

When a chief financial officer suddenly departs, it usually causes concern among investors -- and the company's shares typically decline in value. GameStop, however, is not trading anything like a typical stock.

Since announcing the resignation of CFO Jim Bell after the market close on Tuesday, GameStop's shares have climbed more than 140%.

Source Fool.com

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