Chewy Founder, GameStop CEO Ryan Cohen Posts 'TRUMP' 665 Times On Elon Musk's X: Cryptic Message Has Internet Guessing
Portfolio Pulse from Benzinga Neuro
Ryan Cohen, founder of Chewy and CEO of GameStop, posted 'TRUMP' 665 times on Elon Musk's social media platform, X, sparking speculation. Cohen recently endorsed Trump after an assassination attempt on the former president. GameStop's stock has risen 7% this week, while Chewy's stock has seen a 3.23% increase over the past five days.
July 18, 2024 | 6:41 am
News sentiment analysis
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NEUTRAL IMPACT
Chewy's stock has increased by 3.23% over the past five days, with a year-to-date rise of 20%. The stock saw a slight decrease of 2.72% on Wednesday but increased slightly after hours.
While Chewy's stock has seen recent gains, the impact of Ryan Cohen's cryptic post is less direct compared to GameStop. The stock's performance is more likely influenced by broader market trends.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Elon Musk, CEO of Tesla, has publicly endorsed Trump and reportedly donated millions to a political action committee. This aligns Musk with other tech industry leaders supporting Trump.
Musk's endorsement of Trump is notable but does not have a direct short-term impact on Tesla's stock price. The relevance is more about Musk's political stance.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
POSITIVE IMPACT
GameStop's stock has risen 7% this week following Ryan Cohen's endorsement of Trump and his cryptic 'TRUMP' post on X. The stock is up 67% year-to-date.
Ryan Cohen's endorsement of Trump and his cryptic post have generated significant attention, likely contributing to the recent rise in GameStop's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100