GameStop shares slump after CEO firing and other stocks on the move


Here are some of the biggest movers of Thursday.

Stock decliners:

GameStop Corp.‘s stock

tanked 17% after the retailer fired Chief Executive Mike Furlong and said that its board elected activist investor Ryan Cohen as its executive chairman.

Shares of Smartsheet Inc.

fell 17% after the cloud-based work-management platform provider’s billings missed Wall Street estimates and its free-cash-flow outlook appeared light.

Shares of Oxford Industries Inc.

dropped 5% in the aftermarket Wednesday after the parent company of Tommy Bahama and other brands lowered its guidance for the year, saying that consumers have grown more cautious.


Source link