Investors Hit Pause as GameStop Goes Quiet on Reorg

Investors Hit Pause as GameStop Goes Quiet on Reorg
Pedestrians pass a GameStop store on 14th Street at Union Square in Manhattan, New York, on Jan. 28, 2021. John Minchillo/AP Photo
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Video game retailer GameStop Corp tumbled 8 percent in early trading on Thursday as the company’s silence on its turnaround plan left its army of small-time investors questioning the meteoric rise in its share price this year.

Although the company posted a 25 percent jump in quarterly sales late on Wednesday, executives failed to lay out fresh details about how it will refashion itself into a gaming and entertainment retailer.