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Reuters

GameStop gains as traders await quarterly report

GameStop’s stock jumped 7% on Wednesday before the company was due to release its quarterly results, which a cult following of individual investors will scrutinize for progress in the videogame retailer’s turnaround amid this year’s rally in its shares. Top shareholder Ryan Cohen, the billionaire co-founder of online pet supplies retailer Chewy, was elected chairman at a brief annual shareholders meeting ahead of the report. GameStop previously announced his nomination.