GameStop Defies Gravity Again With Rally Topping 100% Gain
- The Texas-based retailer soars 109% in five-day winning streak
- Stock extends rally after Cohen tapped to lead ecommerce bid
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GameStop Corp.’s latest winning streak has catapulted it to the highest in weeks as Chewy Inc. founder and activist investor Ryan Cohen continued to shake up operations at the video-game retailer, taking retail investors by storm.
Shares of the Grapevine, Texas-based company climbed 27% to $246.90, extending its winning streak for a fifth day. The gain follows Monday’s 41% climb after the company said Cohen would lead a new committee focused on its digital transformation.