WSJ: GameStop Stock Is on Track for Its Lowest Close of the Year

Link: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-10-02-2023/card/gamestop-stock-is-on-track-for-its-lowest-close-of-the-year-QzyPYEfYQOkUyIBv1Aqn

A rough run for shares of videogame retailer GameStop has the stock flirting with its lowest levels of the year.

GameStop was recently down more than 4% to below $16, setting the shares on course for their lowest close of 2023—and the lowest since February 2021, according to Dow Jones Market Data.

The company last week named Ryan Cohen, who had been its executive chairman, its CEO. Cohen in a memo told employees to expect “extreme frugality” at the company.