GameStop Jumps on Optimism for PlayStation 4 Game Resales
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GameStop Corp., the world’s largest video-game retailer, rose the most in more than four years after Sony Corp. said its coming PlayStation 4 will allow unlimited used-game sales.
The shares advanced 7.8 percent to $37.72 at the close in New York for the largest jump since March 2009, making GameStop the biggest gainer in the Standard & Poor’s 500 Index. The Grapevine, Texas-based retailer has added 50 percent this year, while the S&P has advanced 14 percent.