Today, the stock market was hit by a powerful wave, as leaders saw their stocks soaring for the first time in months. The Dow Jones Industrial Average reached a record high, and the S&P 500 and Nasdaq Composite overcame early declines to finish higher as well.
When strong companies make a move, experienced investors generate life-changing returns. However, when stocks that don’t seem to have the best long-term prospects suddenly skyrocket – investors go wild.
GameStop will always have a special place in the hearts of people, who keep an eye on the markets for hidden treasures. After a few challenging years, GameStock is regaining its power.
Back in the game, stronger than ever
GameStop made a strong move, with its shares going from $45 to almost $92 per share. And it did not stop there! The stock kept soaring in the after-hours trading session, reaching $170, with the shares raising as much as $200.
GameStop appeared in the headlines today, with a move in the corporate suite as well. The video game retail giant announced that CFO Jim Bell would step down from his role at the company effective March 26.
The company already has an ideal candidate in mind, in case they can’t find a permanent leader to take on the position.
Chief Accounting Officer Diana Jajeh would become interim CFO, whose executive experience would lead the company forward.
There is a lot we can expect from GameStop, in the stock market, and the business world. One thing is certain though, investors should take advantage of today’s strong move on the stock market.