Search results
Results from the WOW.Com Content Network
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 .
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]
[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 ...
On July 6, 2022, GameStop announced that it would conduct a four-for-one stock split. Investors who owned Class A common stocks by market close on July 18, 2022, would receive three additional ...
In January 2021, Cohen's hedge fund Point72 joined Ken Griffin's Citadel in putting $2.75 billion into Melvin Capital, the hedge fund of former Cohen protege Gabe Plotkin, as a result of the GameStop short squeeze. [27] [28] Cohen denied that his involvement with the short squeeze would affect his willingness to spend money on the New York Mets ...
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.