GameStop Surges on Investor's Plan to Rival Amazon [TheStreet.com]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: TheStreet.com
GameStop(GMEGet ReportAMZNShares of the Grapevine, Texas, company at last check were surging 21% to $10.54.Cohen, GameStop's biggest individual investor, disclosed that he was holding talks with management and several board members.Cohen’s firm, RC Ventures, has said it's willing to get more involved with GameStop “to produce the best results for all shareholders,” according to a filing, Bloomberg reported.The investor wants to broaden GameStop’s online selection and compete head-to-head with some of the biggest e-commerce companies, Bloomberg said, citing a person familiar with the matter.Instead of just offering videogames as well as toys, clothing, and accessories, GameStop's website would sell a wide range of merchandise and ship it to customers more quickly.Cohen wants the company to improve its customer service and build the infrastructure needed to offer thousands of items and services,Part of his plan would be to offer more online services, where, for example, customers would
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GME
Earnings
- 3/26/24 - Miss
GME
Sec Filings
- 4/23/24 - Form 144
- 4/19/24 - Form 144
- 4/10/24 - Form 4
- GME's page on the SEC website