GameStop Stock Is Surging: What's Going On?
Portfolio Pulse from Adam Eckert
GameStop Corp (NYSE:GME) shares are trading higher after a SEC filing showed that executive chairman Ryan Cohen increased his stake in the company. Cohen bought 443,842 shares at an average price of $22.53 per share on June 9, and now RC Ventures owns a 12.1% stake in GameStop.
June 13, 2023 | 1:00 pm
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GameStop shares are trading higher after executive chairman Ryan Cohen increased his stake in the company, buying 443,842 shares at an average price of $22.53 per share.
The news of Ryan Cohen increasing his stake in GameStop has a direct impact on the stock price, as it shows confidence in the company's future. This positive sentiment is likely to drive the stock price up in the short term.
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