GME - GameStop Shares Are Down 5%: What's Going On | Benzinga
GameStop Corporation (NYSE:GME) shares have faced significant volatility this week, reflecting the company’s ongoing transformation.
What’s Happening: GameStop’s annual shareholder meeting, initially postponed due to technical issues, finally took place this week. CEO Ryan Cohen delivered a succinct yet strategic statement, emphasizing the company’s pivot towards profitability through cost reductions and a streamlined retail presence.
Cohen announced plans to downsize the store network, focus on high-value items and enhance the trade-in program. He also highlighted the importance of maintaining a strong balance sheet as a ...