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The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop. The stock price of GameStop, which had been in steady decline in share price since late January 2019, spiked roughly 20% after Burry revealed that he was buying the stock in an interview with Barron's.
Kenneth Cordele Griffin (born October 15, 1968) is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, [1] [2] a multinational hedge fund.
Adjusted for the stock split, this acquisition represented 400,000 shares. [41] On June 9, 2023, Cohen bolstered his stake in the company with a purchase of 443,842 shares, equivalent to a $10 million investment. [42] In addition to his active positions, Cohen also owns large passive investments in Wells Fargo and Netflix. [7]
Meme stock king Ryan Cohen is taking control of GameStop. The Chewy founder, who already serves as chairman of the board and owns roughly 12% of the company’s stock, has been named president and ...
The article Why GameStop Stock Is One of the Most Shorted Stocks Today originally appeared on Fool.com. Fool contributor Tamara Rutter owns GameStop stock. The Motley Fool owns shares of GameStop ...
GameStop stock fell as much as 15% during the struggling video game retailer's annual shareholder meeting on Monday as the company gave few details on its strategy going forward.Chairman and CEO ...
However, his compensation decreased in 2021, due to the impact of the GameStop short squeeze on the fund. [9] Despite receiving $2 billion from Kenneth C. Griffin and $750 million from Steve Cohen, on May 18, 2021, Bloomberg announced Melvin Capital went defunct shorting GameStop and Gabe Plotkin would be shutting down his firm. [10]
GameStop raised almost $2.14 billion as it capitalized on the recent stock rallies spurred by the online reemergence of influential retail trader Keith Gill.The video game retailer said on Tuesday ...