Vanguard Group increases GameStop position, surpassing CEO Ryan Cohen's stake
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Vanguard Group has increased its stake in GameStop, surpassing the stake held by CEO Ryan Cohen. This move highlights Vanguard's confidence in the videogame retailer and original meme stock.
November 13, 2024 | 10:45 pm
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Vanguard Group has increased its stake in GameStop, now holding more shares than CEO Ryan Cohen. This indicates a strong vote of confidence from a major asset manager.
Vanguard's increased stake in GameStop suggests a positive outlook from a major institutional investor, which could boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90