Gamestop share up 15 percent – cooperation with crypto exchange ensures price jump

Gamestop branch

The computer games retailer wants to shift its business more and more into the digital world.

(Photo: Reuters)

Dusseldorf The stock of the US computer games retailer Gamestop is about to jump. Stocks are up more than 10 percent Thursday before Wall Street starts trading. In Germany, the Gamestop share on the Xetra trading platform rose by up to 15 percent.

At around 27 dollars, the share is still well below the annual high of almost 50 dollars at the end of March. The record high from January 2021 is even just under $120.

Traders point to the announcement of a partnership with FTX US, one of the largest crypto exchanges, on Wednesday evening as the reason for the price jump. This is taken as a sign that the company is making progress with its changed strategy: CEO Ryan Cohen has identified gamers as one of the largest target groups in the NFT industry.

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