Ryan Cohen's Wealth Soars On GameStop Stock Rally: How Much Is Video Game Retailer CEO Worth?
Portfolio Pulse from Chris Katje
GameStop (GME) and AMC (AMC) stocks have seen significant volatility this week, with GameStop hitting new 52-week highs before a mid-week drop. This has impacted the wealth of their respective CEOs, Ryan Cohen and Adam Aron. Cohen's wealth increased significantly due to the rise in GameStop's stock price, while Aron's wealth also saw a boost from AMC's stock rally.
May 15, 2024 | 5:55 pm
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POSITIVE IMPACT
AMC shares saw a significant rise alongside GameStop, boosting CEO Adam Aron's wealth. Despite the recent gains, AMC shares are still down year-to-date and over the last year.
AMC's stock price increased significantly this week, which has positively impacted CEO Adam Aron's wealth. However, the stock is still down year-to-date and over the last year, indicating ongoing challenges.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
GameStop shares hit new 52-week highs this week, significantly boosting CEO Ryan Cohen's wealth. The stock's volatility was influenced by the return of Keith Gill, aka Roaring Kitty, to social media.
The return of Roaring Kitty to social media has reignited interest in GameStop, leading to a significant rise in its stock price. This has directly increased the wealth of CEO Ryan Cohen, who owns around 12% of the company.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100