Courtesy of Ryan Cohen
- Gamestop stock jumped as much as 7% Thursday after it announced Ryan Cohen as its new CEO.
- The billionaire investor will not receive any compensation for the role as president, chief executive, and chairman.
- Earlier this year, Gamestop fired CEO Matthew Furlong, a former Amazon executive.
Shares of Gamestop climbed as much as 7% Thursday after the company announced billionaire activist would take the helm as chief executive officer for zero salary.
The stock pared some of its gains to move about 2.7% higher at the open, changing hands at roughly $17.64.