Search results
Results from the WOW.Com Content Network
In August 2019, Michael Burry's investment firm Scion Asset Management sent a letter to GameStop executives urging the company to engage in a $238 million stock buyback. The letter also revealed that Scion owned approximately 2,750,000 shares, or about 3.05% of GameStop.
Continuing his investments in GameStop, Cohen acquired 100,000 more shares on March 22, 2022. 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]
[110] [111] GameStop CEO George Sherman owns over 2.3 million shares in the company, according to Bloomberg News. These shares were worth $44 million on December 31, but reached $1.1 billion when GameStop's stock reached $469, briefly making him a billionaire, before the value of his stock dropped to $901 million on January 29. [112] [110]
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 ...
Keith Gill, the stock influencer known as Roaring Kitty, updated his holding of GameStop on Thursday to show he now owns 9 million shares of the company, up from 5 million at the start of the week.
On Thursday, October 6, 2005, shareholders from EB Games and GameStop agreed to a $1.44 billion takeover deal. [29] The deal offered $38.15 [30] in cash as well as approximately ¾ of a share of GameStop stock for every 1 share of EB Games stock. This offer was a 34.2% premium on the $41.12 per share closing price of EB Games stock.
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 ...