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0.000969932104752647 -0.00289039767216293 -0.00091173617846745 0.0067895247332687 0.0116391852570319 0.0416876818622697 0.0572259941804074 0.139670223084384
Stock impact report

GameStop Pops 6% As Activist Hestia Capital Urges Shareholders To Vote For Change [Yahoo! Finance News]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Activist firm Hestia Capital is urging shareholders to vote for change and elect its two nominees to the board of directors when GameStop GMEThe firm, which owns approximately 7.2% of GameStop shares, also sent shareholders a letter setting out why it believes GameStop’s recent board refreshment is insufficient.According to Hestia, too many GME directors come from traditional retail backgrounds and “the Board must add stockholder-aligned directors that have the financial acumen, turnaround experience and stockholder perspective to drive real change at GameStop.”Looking forward, Hestia also highlighted the steps it believes the company must take to maximize value for stockholders, writing “the nominees will push the Company to reduce its bloated cost structure, fix misaligned executive compensation, quickly address liquidity concerns, focus on optimizing its unique gaming assets, and create a positive narrative about the Company’s future.”Indeed, GME stock has plunged 22% year-to-date, Show less Read more
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