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GameStop director sells $60m in shares

GameStop director Leonard Riggio has sold 2.3 million shares in the US retailer in a transaction that brought in just over USD 60 million last week.

The move saw him cash in the shares at a value of USD 26.72 each, although Riggio still holds a 5.5 per cent stake in the retailer, equating to about 9.1 million shares.

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gamesindustry.biz
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Blaster_Master2981d ago

Smart man. I would cash in too. The rich get richer, and the poor get poorer. I wonder what he's bought with the money he's earned (stole)?

gamesR4fun2981d ago

wonder if he knows somwthing we dont

well if u got stock id say sell it price is goos now n prob not getting any better.