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Stock impact report

GameStop can invest in other companies. But will it? [Seeking Alpha]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: Seeking Alpha
Earlier in the week, GameStop ( GME ) director Lawrence Cheng snapped up 10K shares of GameStop ( GME ) in a series of transactions ranging from $11.21 per share to $11.23 per share. Cheng is Co-Founder and Managing Partner of Volition Capital, a leading growth equity investment firm based in Boston, Massachusetts Notably, he was also the first investor in Chewy ( CHWY ). He presently leads the Internet and Consumer team at Volition Capital, focusing on disruptive companies in e-commerce, internet services, consumer brands, and digital media and gaming. Traders have been watching GameStop ( GME ) since the company dismissed Chief Operating Officer Nir Patel, effective April 4. Short interest on GME has risen to 24.6% of the total float on the stock, but average daily volume on the stock is far below the levels seen during the meme craze. What might be next for the strip mall retailer? Of note, GameStop ( GME ) disclosed a cash position of $909M at the end of FQ3. It is unclear if Show less Read more
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