GameStop might be hoping Ryan Cohen can reignite excitement around its stock but the activist investor's popularity has fallen among retail traders.
Semtech Corp. shares SMTC, +1.54% soared 24% after the analog and mixed-signal chipmaker swung to a surprise profit.
GameStop has removed its CEO and elected Ryan Cohen executive chairman. Cohen was elected to the role by the video game retailer's board of directors, effective immediately, and will be responsible fo
GameStop fired its CEO, Matt Furlong, and elevated Ryan Cohen to Executive Chairman. The company did not provide a reason for Furlong's termination.
Chief Executive Matt Furlong is out at the videogame and consumer-electronics retailer.
Retailer GameStop on Wednesday afternoon revealed a major leadership shake-up. CEO Matt Furlong was terminated and Ryan Cohen became executive chairman.
GameStop (GME) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.52 per share a year ago.
The company also posted its fourth consecutive fall in quarterly revenue and missed market estimates.

How GameStop's Ryan Cohen became the 'meme king'

05:49pm, Wednesday, 07'th Jun 2023
The CNBC Documentary "Making of the Meme King" is available on Peacock or streaming on CNBC.com.
Michael Pachter, Wedbush Securities, joins 'Closing Bell Overtime' to breakdown what GameStop's leadership shake up means for the future of the company.
GameStop Corp (NYSE: GME) lost more than 20% in extended hours after its board fired CEO Matt Furlong. GameStop names Ryan Cohen its Executive Chairman The gaming merchandise retailer also elected Rya
CNBC's Steve Kovach joins 'Closing Bell Overtime' with breaking news on a shakeup in the c-suite at GameStop.
GameStop reported a mixed bag of 1Q earnings, just hours after news broke it had fired its CEO Matt Furlong. First the earnings: in its first quarter of 2023, the video game retailer reported a net lo
GameStop on Wednesday said that its board had elected Ryan Cohen as its executive chairman, effective immediately, and said its former chief executive had been terminated.
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