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GameStop Soars With Activist Ryan Cohen Gaining Board SeatsGameStop Soars With Activist Ryan Cohen Gaining Board Seats GameStop Corp. jumped after activist investor Ryan Cohen stepped up his transformation efforts at the struggling video-game retailer, gaining a seat on the company’s board along with two allies. Cohen’s RC Ventures -- GameStop’s second-largest shareholder, with a 13% stake -- has been pressing the Grapevine, Texas-based chain to undertake a strategic review to cut more costs. Cohen, the entrepreneur who helped build up the Chewy pet-supply site, also wants GameStop to increase the variety of products and services it offers online. “We are excited to bring our customer-obsessed mindset and technology experience to GameStop and its strategic assets,” Cohen said in a statement Monday. The stock rocketed up 210% last year on hopes that it would benefit from the release of new video-game consoles. GameStop lost some ground in early December after reporting third-quarter sales that missed estimates and announcing plans to sell more stock, but it rebounded toward the year’s end. Along with Cohen, Alan Attal and Jim Grube are joining the GameStop board. Both men worked with Cohen at Chewy. That news seemed to overshadowed a disappointing holiday sales release from GameStop, GameStop reported a 4.8% year-over-year increase in comparable-store sales for the nine-week holiday period ended Jan. 2. Coronavirus-related losses of store traffic knocked a high-single-digit to low-double-digit percentage off those sales, the company said, and net sales dropped 3.1% to $1.77 billion. finance.yahoo.com GameStop CEO George Sherman said in the news release that “together, we have reached an outcome that is in the best interest of all stockholders and can enable GameStop to accelerate efforts to deliver enhanced value for the company.” Excitement that Cohen can help turn things around was compounded by the stock’s high short interest, estimated at about 58% of shares available for trading, according to data from S3 Partners. That’s left the stock primed for a short squeeze. But the rise of digital game downloads amid declining earnings necessitate a bold new strategy. www.barrons.com
NYSE:GME
by AlenCiken
Finally Microsoft $MSFT looking goodToday Microsoft NASDAQ:MSFT is up +2% above its 20 day and 50 day MAs. Also, is looking to breakout of a resistance in $216.5 after its third higher low. This are all bullish signals for the stock. But there is still another pattern to be broken so that NASDAQ:MSFT can keep going up in a strong uptrend. Depending on the close I'll buy and then when it breaks out of the midterm flag pattern (purple area) I'll buy more to have a good Dollar-Cost Average strategy. With the news about a new partnership with Nintendo OTC:NTDOY and Sony NYSE:SNE about Safe Gaming, could have a good impact on the stock price
NASDAQ:MSFTLong
by dpuleo19
$GOOOD Pete Ross Phil Hellmuth Dan Hamilton Mega Team Pete Ross Baseball Hall of Fame Phil Hellmuth Poker Hall of Fame and Dan Hamilton UFC has joined the $GOOOD team for the upcoming company events in Online Gaming and Gambling. Winners, Inc., through its subsidiary VegasWinners, Inc., is engaged in the business of sports gambling research, data, advice, analysis and predictions utilizing all available media, advertising formats and its database of users. Revenues are expected to accelerate due to the explosion of sports handicapping arising from the 2018 Supreme Court decision that States have the right to approve sports gambling and the resulting State by State rapid approval of sports gambling. vegaswinners.com News out earlier today: Dan Hamilton, MMA Prognosticator and Oddsmaker, Joins Winners, Inc. Subsidiary VegasWINNERS With UFC Handicapping Guidance www.accesswire.com
GLong
by StockGuild
LONG AAVE/USDT on breakout of downtrend!LONG AAVE/USDT on breakout of downtrend! Aave is an open-source and non-custodial protocol to earn interest on deposits and borrow assets with a variable or stable interest rate. It also enables ultra-short duration, uncollateralized flash loans designed to be integrated into other products and services. Aave began as ETHLend in 2017 after it raised $16.2 million in an Initial Coin Offering (ICO) to create a decentralized lending platform. Later, they announced a parent company, Aave, which would house multiple different products including EthLend, Aave Lending, Aave Pocket, Aave Custody, Aave Clearing, and Aave gaming.
Long
by HodlTradeCrypto
4
SPAC with a promising futureOn September 2nd FEAC announced their acquisition target of Skillz, a platform that enables esports tournaments on mobile apps. A product riding a few mega trends and being brought to market by the same partners who brought $DKNG to market in similar fashion. This looks to move upwards at break of the neckline, with first fib target above and second (not pictured) at 16.03. "Skillz is pioneering the competitive mobile gaming experience, powering tournaments for thousands of game developers around the world, expanding and leading growth in the mobile gaming market. It is anticipated that in 2020, Skillz’s patented technology will power over two billion casual esports tournaments and facilitate $1.6 billion in paid entry fees for games hosted on its secure and proprietary platform."
FLong
by SpinTrades