GameStop's stock soars after activist investor Ryan Cohen named CEO

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GameStop's stock soars after activist investor Ryan Cohen named CEO
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GameStop's stock surged Thursday after the consumer electronics retailer named Ryan Cohen as its president and CEO, effective immediately.

Shares of GameStop Corp. surged Thursday, after the consumer electronics retailer named Ryan Cohen as it president and chief executive officer, effective immediately.

Cohen, who previously founded and was CEO Chewy Inc. CHWY, -0.06%, is the manager of RC Ventures, which in June disclosed a 36.85 million-share, or 12.1% stake in GameStop.

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