GameStop Director Unloads Millions In Stock, Raises Eyebrows

Published: January 01, 0001

Leonard Riggio, chairman of the board at Barnes & Noble and director at GameStop, jinda44 jinda44 may not be on your radar. But the exec’s unloading of 2.3 million shares of GameStop for $60.2 million was a financial e19 blip with stock watchers. According to a report from Barron’s, via Gamasutra, that sale could be a sign of impending bad financial news for GameStop. The original report draws comparisons to a betdog previous stock sell off by Riggio, prior to a hefty drop in e19 the company’s value. Riggio still has 9.1 million shares in the game retailer, so it wasn’t betdog a total bail out. But maybe GameStop’s holiday fortunes won’t be as vast as previously expected. Curse you Modern Warfare 2 for delaying everything! You’re the source of everyone’s troubles! GameStop Director Sheds $60 Million In Shares [Gamasutra]

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