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- MevyMevy
  ·2021-04-15
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  GameStop’s Shakeup Will Do Little to Alleviate Its Woes
  GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.Ga
  GameStop’s Shakeup Will Do Little to Alleviate Its Woes
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- MevyMevy
  ·2021-04-15
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  非常抱歉，此主贴已删除
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- MevyMevy
  ·2021-04-13
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  非常抱歉，此主贴已删除
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- MevyMevy
  ·2021-04-13
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  GME Stock Shakeup: Who Will Be the New GameStop CEO?
  GameStop is searching to replace George Sherman as its CEO. Here's what to know.GameStop(NYSE:GME) i
  GME Stock Shakeup: Who Will Be the New GameStop CEO?
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- MevyMevy
  ·2021-04-13
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  非常抱歉，此主贴已删除
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- MevyMevy
  ·2021-04-11
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  非常抱歉，此主贴已删除
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- MevyMevy
  ·2021-04-11
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  非常抱歉，此主贴已删除
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- MevyMevy
  ·2021-04-09
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  非常抱歉，此主贴已删除
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- MevyMevy
  ·2021-04-09
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  非常抱歉，此主贴已删除
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- MevyMevy
  ·2021-04-08
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  非常抱歉，此主贴已删除
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like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/347500142","repostId":"1153108819","repostType":4,"repost":{"id":"1153108819","kind":"news","pubTimestamp":1618497574,"share":"https://www.laohu8.com/m/news/1153108819?lang=&edition=full","pubTime":"2021-04-15 22:39","market":"us","language":"en","title":"GameStop’s Shakeup Will Do Little to Alleviate Its Woes","url":"https://stock-news.laohu8.com/highlight/detail?id=1153108819","media":"InvestorPlace","summary":"GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.Ga","content":"<blockquote>GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.</blockquote><p>GameStoop fell about 7.5%&nbsp;in morning  trading.</p><p><img src=\"https://static.tigerbbs.com/48ede96d6233c7b39a789ae18b488344\" tg-width=\"708\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Video game retailer&nbsp;<b>GameStop</b>(NYSE:<b><u>GME</u></b>) is the most talked-about meme stock in recent memory. Thanks to a Reddit-induced short squeeze, it is one of the best-performing stocks in the past 12 months, with hardly any fundamentals to back that up. Despite a 40% drop in its price this month, it still trades more than 89 times its cash flows. What’s next for GME stock is anybody’s guess, but one thing is clear: the odds are heavily stacked against Gamestop in transforming its business.</p><p>A lot is riding on the induction ofChewy co-founder Ryan Cohenfor the company’s big e-commerce pivot. Under Cohen, the newly revamped board of directors is transforming the company from a retailer to a technology company. Global E-commerce saleshave shot up 191% in fiscal 2020, which shows its initiatives’ potential. However, nothing is a given with GameStop, considering its spotty track record. There are many holes in the company’s strategic plans, which should continue to impact its long-term outlook.</p><p><b>Cohen’s Transformative Plans</b></p><p>In an executive shakeup, GameStop named Ryan Cohen as its chairman. Cohen is known as an activist investor and the co-founder of pet supplies retailer Chewy.&nbsp; Hehad purchased a 10% stakein GameStop back in August last year and later increased it to 13%. In an SEC feeling in November, he talked about how the company needed to transform itself from a retailer to a tech company.</p><p>Naturally, Cohen has brought new leadership in executing his plans. However, to everyone’s surprise, the new appointments include marketers, customer care experts, web designers, and other IT professionals with little hands-on knowledge in the gaming industry. One would expect Cohen to introduce individuals with practical experience of the industry and well-versed with its developments.</p><p>More importantly, he seems to be missing the plot about how GameStop’s competition is incidentally its vendors. With the rising popularity of digital purchases, original equipment manufacturers (OEMs) are becoming less reliant on intermediary businesses. &nbsp;Therefore in many ways, the latest console upgrade cycle is likely to be significantly less profitable.</p><p>The last console upgrade cycle was back in 2013, where total global sales for its holiday periodwere at $3.15 billion. On the flip side, the holiday results for 2020 were at $1.7 billion, whichdecreased 3.1% compared to 2019. Hence, OEMs will continue to offer their content through their digital platforms, limiting GameStop and other related companies’ market share.</p><p><b>The Bottom Line on GME Stock</b></p><p>So where will the company go from here? I have no idea. The GameStop saga has arguably been one of the weirdest stock market stories in recent memory. It’s clear from a fundamental standpoint, though, that the stock is grossly overvalued.&nbsp; For example, its enterprise value to EBITDA ratio is more than 3,600% higher than the sector average. Moreover, its forward price to book ratio is also more than 375% higher than the sector average.</p><p>Many price targets for the stock are more than 70% lower than its current stock price. Moreover, the dispersal between its high and low estimates is more than $150 at this time. The reality is that if you factor in the risks associated with its business, its value is not even close to where it’s trading at this time.</p><p>GME stock has had a rollercoaster of a ride this year. However, it appears that it’s not exactly the mother of all short stocks at this point. Short interest as a % of the float was roughly 18% when it exceeded 100% in January. Moreover, its new chairman in Ryan Cohen seems to be missing the trick in understanding the company’s underlying problems. Therefore, it would be best for long and short sellers to steer clear of GME Stock.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GameStop’s Shakeup Will Do Little to Alleviate Its Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop’s Shakeup Will Do Little to Alleviate Its Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-15 22:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/gme-stock-shakeup-will-do-little-to-alleviate-its-woes/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.GameStoop fell about 7.5% in morning  trading.Video game retailer GameStop(NYSE:GME) is the most ...</p>\n\n<a href=\"https://investorplace.com/2021/04/gme-stock-shakeup-will-do-little-to-alleviate-its-woes/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2021/04/gme-stock-shakeup-will-do-little-to-alleviate-its-woes/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153108819","content_text":"GME stock's new leadership needs to get its priorities straight if it hopes to turn things around.GameStoop fell about 7.5% in morning  trading.Video game retailer GameStop(NYSE:GME) is the most talked-about meme stock in recent memory. Thanks to a Reddit-induced short squeeze, it is one of the best-performing stocks in the past 12 months, with hardly any fundamentals to back that up. Despite a 40% drop in its price this month, it still trades more than 89 times its cash flows. What’s next for GME stock is anybody’s guess, but one thing is clear: the odds are heavily stacked against Gamestop in transforming its business.A lot is riding on the induction ofChewy co-founder Ryan Cohenfor the company’s big e-commerce pivot. Under Cohen, the newly revamped board of directors is transforming the company from a retailer to a technology company. Global E-commerce saleshave shot up 191% in fiscal 2020, which shows its initiatives’ potential. However, nothing is a given with GameStop, considering its spotty track record. There are many holes in the company’s strategic plans, which should continue to impact its long-term outlook.Cohen’s Transformative PlansIn an executive shakeup, GameStop named Ryan Cohen as its chairman. Cohen is known as an activist investor and the co-founder of pet supplies retailer Chewy.  Hehad purchased a 10% stakein GameStop back in August last year and later increased it to 13%. In an SEC feeling in November, he talked about how the company needed to transform itself from a retailer to a tech company.Naturally, Cohen has brought new leadership in executing his plans. However, to everyone’s surprise, the new appointments include marketers, customer care experts, web designers, and other IT professionals with little hands-on knowledge in the gaming industry. One would expect Cohen to introduce individuals with practical experience of the industry and well-versed with its developments.More importantly, he seems to be missing the plot about how GameStop’s competition is incidentally its vendors. With the rising popularity of digital purchases, original equipment manufacturers (OEMs) are becoming less reliant on intermediary businesses.  Therefore in many ways, the latest console upgrade cycle is likely to be significantly less profitable.The last console upgrade cycle was back in 2013, where total global sales for its holiday periodwere at $3.15 billion. On the flip side, the holiday results for 2020 were at $1.7 billion, whichdecreased 3.1% compared to 2019. Hence, OEMs will continue to offer their content through their digital platforms, limiting GameStop and other related companies’ market share.The Bottom Line on GME StockSo where will the company go from here? I have no idea. The GameStop saga has arguably been one of the weirdest stock market stories in recent memory. It’s clear from a fundamental standpoint, though, that the stock is grossly overvalued.  For example, its enterprise value to EBITDA ratio is more than 3,600% higher than the sector average. Moreover, its forward price to book ratio is also more than 375% higher than the sector average.Many price targets for the stock are more than 70% lower than its current stock price. Moreover, the dispersal between its high and low estimates is more than $150 at this time. The reality is that if you factor in the risks associated with its business, its value is not even close to where it’s trading at this time.GME stock has had a rollercoaster of a ride this year. However, it appears that it’s not exactly the mother of all short stocks at this point. Short interest as a % of the float was roughly 18% when it exceeded 100% in January. Moreover, its new chairman in Ryan Cohen seems to be missing the trick in understanding the company’s underlying problems. Therefore, it would be best for long and short sellers to steer clear of GME Stock.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":1213,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575141057639271","authorId":"3575141057639271","name":"Daveb","avatar":"https://static.tigerbbs.com/61df162e1597f1b5a6a6bfb13d7d92f5","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575141057639271","idStr":"3575141057639271"},"content":"Buy and HODL ...9M investors now own a substantial stake in GME it will 💥🚀🚀🚀 very soon. ✊🏿✊🏿💎","text":"Buy and HODL ...9M investors now own a substantial stake in GME it will 💥🚀🚀🚀 very soon. ✊🏿✊🏿💎","html":"Buy and HODL ...9M investors now own a substantial stake in GME it will 💥🚀🚀🚀 very soon. ✊🏿✊🏿💎"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347277523,"gmtCreate":1618499225962,"gmtModify":1634292486250,"author":{"id":"3571698361511635","authorId":"3571698361511635","name":"Mevy","avatar":"https://static.tigerbbs.com/97b58686a1f277017c180bdeac7bf3a3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571698361511635","idStr":"3571698361511635"},"themes":[],"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/347277523","repostId":"1125635474","repostType":4,"isVote":1,"tweetType":1,"viewCount":1837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345863870,"gmtCreate":1618301288590,"gmtModify":1634293864851,"author":{"id":"3571698361511635","authorId":"3571698361511635","name":"Mevy","avatar":"https://static.tigerbbs.com/97b58686a1f277017c180bdeac7bf3a3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571698361511635","idStr":"3571698361511635"},"themes":[],"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/345863870","repostId":"1157932531","repostType":4,"isVote":1,"tweetType":1,"viewCount":1580,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345869777,"gmtCreate":1618301262199,"gmtModify":1634293865312,"author":{"id":"3571698361511635","authorId":"3571698361511635","name":"Mevy","avatar":"https://static.tigerbbs.com/97b58686a1f277017c180bdeac7bf3a3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571698361511635","idStr":"3571698361511635"},"themes":[],"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/345869777","repostId":"1191543055","repostType":4,"repost":{"id":"1191543055","kind":"news","pubTimestamp":1618301094,"share":"https://www.laohu8.com/m/news/1191543055?lang=&edition=full","pubTime":"2021-04-13 16:04","market":"us","language":"en","title":"GME Stock Shakeup: Who Will Be the New GameStop CEO?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191543055","media":"InvestorPlace","summary":"GameStop is searching to replace George Sherman as its CEO. Here's what to know.GameStop(NYSE:GME) i","content":"<blockquote><b>GameStop is searching to replace George Sherman as its CEO. Here's what to know.</b></blockquote><p><b>GameStop</b>(NYSE:<b><u>GME</u></b>) is on the hunt for a new CEO, and GME stock bulls should be on watch.</p><p>So what do you need to know now? According to an exclusive&nbsp;<i>Reuters</i>report, GameStop is currentlysearching to replace George Sherman, the current chief executive. This comes as the retailer pivots from brick-and-mortar sales to e-commerce, and amid a broader turnaround strategy. GameStop has not commented on the news, although people familiar with the situation told&nbsp;<i>Reuters</i>the company has hired an executive headhunter to help.</p><p>It is key for investors to understand the broader turnaround story at play.</p><p>Ryan Cohen, the<b>Chewy</b>(NYSE:<b><u>CHWY</u></b>) founder and an activist investor in GME stock, joined the board of directors in January 2021. Since then, he has continued to shake up the C-Suite at GameStop. We saw CFO Jim Bell resign, and we have seen a handful of new execs come aboard. The company has brought in a new chief operating officer,a new chief technology officer and a new growth officer. Cohen is also behind big changes to the board,and will soon serve as chairman.</p><p>As Cohen and the strategic turnaround committee get to work, the CEO news is the biggest sign of change yet. r/WallStreetBets investors will be paying close attention.</p><p><b>Analyst Call Sends GME Stock, Reddit Stocks Back to Earth</b></p><p>However, investors should note that things have not all been smooth sailing for GME stock. In fact, despite the&nbsp;<i>Reuters</i>report, shares are down 12% intraday trading. This follows a bearish report from Ascendiant Capital Markets analyst Edward Woo.</p><p>On Monday, Woo made headlines when he downgraded GME stock from a “hold” to a “sell.” Underlying his rating change is his belief thatGameStop faces business headwinds despite its turnaround plans. More specifically, he said increasing digital sales of video games threaten the retailer, and he warned about the long-term prospects of the company. Woo also warned that the broader Reddit stocks rally would run out of steam.</p><p>Cohen and the new GameStop CEO will face challenges as the company works to embrace e-commerce and other tech initiatives. However,&nbsp;<i>InvestorPlace</i>Markets Analyst Tom Yeung thinks with a little help from Redditors,GME stock could return to $500. Keep this story on your radar, and watch for a turnaround in GME and<b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) today. The latter stock appears to have taken a dive alongside GameStop, following the report from Ascendiant.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GME Stock Shakeup: Who Will Be the New GameStop CEO?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGME Stock Shakeup: Who Will Be the New GameStop CEO?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-13 16:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/gme-stock-shakeup-who-will-be-the-new-gamestop-ceo/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop is searching to replace George Sherman as its CEO. Here's what to know.GameStop(NYSE:GME) is on the hunt for a new CEO, and GME stock bulls should be on watch.So what do you need to know now?...</p>\n\n<a href=\"https://investorplace.com/2021/04/gme-stock-shakeup-who-will-be-the-new-gamestop-ceo/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2021/04/gme-stock-shakeup-who-will-be-the-new-gamestop-ceo/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191543055","content_text":"GameStop is searching to replace George Sherman as its CEO. Here's what to know.GameStop(NYSE:GME) is on the hunt for a new CEO, and GME stock bulls should be on watch.So what do you need to know now? According to an exclusive Reutersreport, GameStop is currentlysearching to replace George Sherman, the current chief executive. This comes as the retailer pivots from brick-and-mortar sales to e-commerce, and amid a broader turnaround strategy. GameStop has not commented on the news, although people familiar with the situation told Reutersthe company has hired an executive headhunter to help.It is key for investors to understand the broader turnaround story at play.Ryan Cohen, theChewy(NYSE:CHWY) founder and an activist investor in GME stock, joined the board of directors in January 2021. Since then, he has continued to shake up the C-Suite at GameStop. We saw CFO Jim Bell resign, and we have seen a handful of new execs come aboard. The company has brought in a new chief operating officer,a new chief technology officer and a new growth officer. Cohen is also behind big changes to the board,and will soon serve as chairman.As Cohen and the strategic turnaround committee get to work, the CEO news is the biggest sign of change yet. r/WallStreetBets investors will be paying close attention.Analyst Call Sends GME Stock, Reddit Stocks Back to EarthHowever, investors should note that things have not all been smooth sailing for GME stock. In fact, despite the Reutersreport, shares are down 12% intraday trading. This follows a bearish report from Ascendiant Capital Markets analyst Edward Woo.On Monday, Woo made headlines when he downgraded GME stock from a “hold” to a “sell.” Underlying his rating change is his belief thatGameStop faces business headwinds despite its turnaround plans. More specifically, he said increasing digital sales of video games threaten the retailer, and he warned about the long-term prospects of the company. Woo also warned that the broader Reddit stocks rally would run out of steam.Cohen and the new GameStop CEO will face challenges as the company works to embrace e-commerce and other tech initiatives. However, InvestorPlaceMarkets Analyst Tom Yeung thinks with a little help from Redditors,GME stock could return to $500. Keep this story on your radar, and watch for a turnaround in GME andAMC Entertainment(NYSE:AMC) today. The latter stock appears to have taken a dive alongside GameStop, following the report from Ascendiant.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":794,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345869918,"gmtCreate":1618301242634,"gmtModify":1634293865922,"author":{"id":"3571698361511635","authorId":"3571698361511635","name":"Mevy","avatar":"https://static.tigerbbs.com/97b58686a1f277017c180bdeac7bf3a3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571698361511635","idStr":"3571698361511635"},"themes":[],"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and 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