A GameStop location on 6th Avenue in New York on March 23, 2021. View Press | Corbis News | Getty Images Just hours after being named GameStop‘s CEO, Ryan Cohen sent out a memo to employees Thursday that emphasized he will take dramatic steps to ensure the struggling video game retailer survives. “Our job is …
GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman, and president effective immediately — and he won’t be collecting a salary. Shares of the company fell 1.8%. GameStop’s board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as the retailer’s top executive …
The Trimble logo is displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Trimble — The technology services provider surged 6.4% following an announcement that AGCO Corporation will acquire 85% of Trimble’s agribusiness for $2 billion in cash. The acquisition aims …
A CarMax dealership on April 11, 2023 in Santa Rosa, California. Justin Sullivan | Getty Images Explore the latest market movers in the premarket. Micron — The chipmaker’s stock experienced a 3.4% decline in premarket trading due to a lower-than-expected earnings forecast. Micron projects a first-quarter loss of $1.07 per share, on a non-GAAP basis, …
As equities soared in 2020 and consumers flocked to trading apps like Robinhood, Apple and Goldman Sachs had been developing an investing feature to facilitate buying and selling stocks, according to three anonymous sources. The project was put on hold last year due to market downturns, the sources said. This previously unreported effort would have …
A ChargePoint electric vehicle charging station at Walnut Creek City Hall parking lot, Walnut Creek, California, April 18, 2023. Smith Collection/gado | Archive Photos | Getty Images Discover the companies making headlines in midday trading. WestRock — The stock gained 5% in midday trading on news of an impending merger with Smurfit Kappa, creating a …
Apple phones on display in an Apple store in Miami, Florida, May 4, 2023. Joe Raedle | Getty Images Discover the latest premarket trading news from top companies. Apple — Following a report by Bloomberg Newsstating that China intends to expand its ban on iPhone use to state-owned corporations, Apple shares experienced a decline of …
A man passes by a GameStop location on 6th Avenue in New York, March 23, 2021. View Press | Corbis News | Getty Images Discover the trending companies after hours. GameStop — The well-known video game retailer experienced a 5% surge in its latest quarter sales. GameStop achieved a revenue of $1.164 billion in the …
Bed Bath & Beyond logo is seen on the shop in Williston, Vermont on June 19, 2023. Jakub Porzycki | Nurphoto | Getty Images Bed Bath & Beyond shares are still being traded at high volumes, despite the impending declaration of worthlessness for this popular meme stock. Nasdaq data shows that over 15 million transactions …