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GameStop Posts Longest Losing Streak in a Year as Shine Fades

  • Retailer is seeking new chief executive, Reuters reported
  • Analysts downgrades stock on weaker long-term prospects
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GameStop Corp. fell on Monday, wrapping up its longest losing streak in a year, amid growing skepticism over its long-term potential despite activist Ryan Cohen’s latest efforts to revitalize the company.

Shares fell 11% in New York to close at $141.09, their lowest level in more than two weeks, as Reuters reported the video-game retailer is seeking a replacement for the current Chief Executive Officer George Sherman, without naming sources.