-CNBCโs Jim Cramer said GameStop and AMC Entertainment are presenting buying opportunities as the companies prepare to reinvent themselves.
-โThese companies now have the ability to reinvent themselves because higher stock prices have allowed them to raise capital,โ he said.
-GameStop, which reported better-than-expected results for its first quarter after the market close, was down about 7% in extended trading. The company also announced Wednesday it has hired former Amazon e-commerce executive Matt Furlong as its new CEO.
-โThese companies now have the ability to reinvent themselves because higher stock prices have allowed them to raise capital,โ he said.
-GameStop, which reported better-than-expected results for its first quarter after the market close, was down about 7% in extended trading. The company also announced Wednesday it has hired former Amazon e-commerce executive Matt Furlong as its new CEO.