Gamestop shares jumped 6% on the news that that Ryan Cohen has purchased 443,842 shares of GameStop Corp. class A common stock.
The purchase was made through RC Ventures LLC, Cohen’s investment firm, at an average price of $22.53 per share.
The transaction was officially filed with the Securities and Exchange Commission (SEC) on June 9, 2023, indicating Cohen’s confidence in GameStop’s future prospects.
This is the second time in the past five years that Cohen has invested in GameStop Corp., further solidifying his belief in the company’s potential for growth and success.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments