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The development fueled uncertainty among investors: the share, which has already lost 65 percent in value since Furlong’s appointment, fell by more than 20 percent in after-hours trading. Some analysts are wondering if Cohen, two years after his appointment as chairman of the board, can turn the tide at Gamestop. “It reflects the complete lack of strategy,” commented Michael Pachter, an analyst at broker Wedbush Securities. The corona pandemic had forced the company to close hundreds of stores and switch to online trading.