Why GameStop Stock Popped Today
Shares of GameStop (NYSE: GME) rose 6.3% Monday after the video game retailer announced its CEO succession plan.
Current CEO George Sherman will step down on July 31, or potentially sooner if a new chief executive is found. GameStop said in its annual report on March 23 that its board of directors had initiated a search for a replacement for Sherman, one with the skills and experience to oversee its turnaround efforts.
GameStop's stock price climbed Monday as shareholders applauded the timeline for its CEO search. Image source: Getty Images.
Source Fool.com
