If You Invested $1,000 in GameStop Stock When Ryan Cohen's Stake Was Announced, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
The rise of GameStop Corp (NYSE:GME) shares in 2021 was a major stock market story, with the price spike resulting from a short squeeze and a battle between retail investors and hedge funds. Ryan Cohen, founder of Chewy Inc, disclosed a 9% stake in GameStop in August 2020, later increasing it to 13%. Investors who followed Cohen and invested $1,000 in GME at $7.30 per share would now have $3,651.05, a hypothetical return of 265.1%.
June 07, 2023 | 3:52 pm
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GameStop's 2021 price spike resulted in significant returns for investors who followed Ryan Cohen's stake in the company. A $1,000 investment in GME would now be worth $3,651.05, a 265.1% return.
The article highlights the impressive returns for investors who followed Ryan Cohen's stake in GameStop. The price spike in 2021 was a result of a short squeeze and a battle between retail investors and hedge funds. Investors who invested $1,000 in GME at $7.30 per share would now have $3,651.05, a hypothetical return of 265.1%. This shows a positive short-term impact on GME's stock price.
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