GameStop Director Unloads Millions In Stock, Raises Concern

Leonard Riggio, chairman of the board at Barnes & Noble and director at GameStop, may not be on your radar. But the exec’s unloading of 2.3 million shares of GameStop for $US60 million caused a financial blip with stock watchers.

According to a report from Barron’s, via Gamasutra, that sale could be a sign of impending bad news for GameStop.

Riggio still has 9.1 million shares in the game retailer, so it wasn’t a total bail out. But maybe GameStop’s holiday fortunes won’t be as vast as previously expected.

GameStop Director Sheds $US60 Million In Shares [Gamasutra]