Oh man, shld have bought it-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Leonine
2022-03-23

Oh man, shld have bought it

Chairman Ryan Cohen Just Bought GME Stock. Here’s Why.

Shares of GameStop(NYSE:GME) are in the spotlight once again after GME stock closed up 30% yesterday

Chairman Ryan Cohen Just Bought GME Stock. Here’s Why.

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AnaiAnai
·2022-03-23
izzit too late to buy now?
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Here’s Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1122307628","media":"InvestorPlace","summary":"Shares of GameStop(NYSE:GME) are in the spotlight once again after GME stock closed up 30% yesterday","content":"<html><head></head><body><p>Shares of <b>GameStop</b>(NYSE:<b><u>GME</u></b>) are in the spotlight once again after GME stock closed up 30% yesterday. However, chairman Ryan Cohen was able to capture some of these gains. Yesterday, Cohen purchased100,000 shares of GameStop through his investment firm, <b>RC Ventures</b>. Shares were purchased at prices ranging from $96.85 to $108.27, resulting in a total transaction value of $10.1 million. After the purchase, RC Ventures and Cohen own 9.1 million shares of GameStop, which equates to a 11.9% ownership stake. Today, shares of GME stock are trading over 10% higher.</p><p>Insiders may sell shares for a variety of reasons, such as for personal expenses, tax expenses or a loss of faith in a company. However, insiders only buy shares for one reason: they believe the price will go up. Cohen’s bullish stance on GameStop was further demonstrated after he posted this tweet last night:</p><p><img src=\"https://static.tigerbbs.com/1bdd4527c84e7442464fa87a392e7386\" tg-width=\"515\" tg-height=\"238\" width=\"100%\" height=\"auto\"/></p><p>However, this isn’t the only purchase that Cohen has reported this month. On March 7, Cohen disclosed a 9.8% stake in <b>Bed Bath &amp; Beyond</b>(NASDAQ:<b><u>BBBY</u></b>) through RC Ventures. Cohen also penned a letter to Bed Bath &amp; Beyond’s board, urging them to spin off BuyBuy Baby and to “Evaluate a Full Sale to a Well-Capitalized Acquirer.”</p><p>Cohen’s purchase contrasts with the actions of two billion-dollar investment firms, <b>Maverick Capital</b> and <b>Susquehanna Securities</b>. On March 14, Maverick disclosed that it had sold its entire 4.6 million share stake of GameStop. Also on March 14, Susquehanna disclosed that it had sold roughly 1.4 million shares of GME stock, cutting its position by 30%. Susquehanna still owns 3.05 million shares, equating to a 4% ownership stake.</p><p>GME Stock: What Is RC Ventures?</p><p>RC Ventures is a“seed and venture capital firm” that primarily focuses on investing in early stage companies with potential for high growth. Furthermore, the firm seeks to provide entrepreneurs with “capital, network, and mentorship,” with the goal to “create opportunities, unlock potential and drive inclusive and lasting impact.”</p><p>The firm’s portfolio includes investments in several emerging markets, such as <b>Pathao</b>,<b>Tuk</b> and <b>Truck Lagbe</b>. In addition, RC Ventures had previously owned shares of GameStop and last bought shares around the$8 price level.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chairman Ryan Cohen Just Bought GME Stock. 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Here’s Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-23 22:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/03/chairman-ryan-cohen-just-bought-gme-stock-heres-why/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of GameStop(NYSE:GME) are in the spotlight once again after GME stock closed up 30% yesterday. However, chairman Ryan Cohen was able to capture some of these gains. Yesterday, Cohen ...</p>\n\n<a href=\"https://investorplace.com/2022/03/chairman-ryan-cohen-just-bought-gme-stock-heres-why/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2022/03/chairman-ryan-cohen-just-bought-gme-stock-heres-why/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122307628","content_text":"Shares of GameStop(NYSE:GME) are in the spotlight once again after GME stock closed up 30% yesterday. However, chairman Ryan Cohen was able to capture some of these gains. Yesterday, Cohen purchased100,000 shares of GameStop through his investment firm, RC Ventures. Shares were purchased at prices ranging from $96.85 to $108.27, resulting in a total transaction value of $10.1 million. After the purchase, RC Ventures and Cohen own 9.1 million shares of GameStop, which equates to a 11.9% ownership stake. Today, shares of GME stock are trading over 10% higher.Insiders may sell shares for a variety of reasons, such as for personal expenses, tax expenses or a loss of faith in a company. However, insiders only buy shares for one reason: they believe the price will go up. Cohen’s bullish stance on GameStop was further demonstrated after he posted this tweet last night:However, this isn’t the only purchase that Cohen has reported this month. On March 7, Cohen disclosed a 9.8% stake in Bed Bath & Beyond(NASDAQ:BBBY) through RC Ventures. Cohen also penned a letter to Bed Bath & Beyond’s board, urging them to spin off BuyBuy Baby and to “Evaluate a Full Sale to a Well-Capitalized Acquirer.”Cohen’s purchase contrasts with the actions of two billion-dollar investment firms, Maverick Capital and Susquehanna Securities. On March 14, Maverick disclosed that it had sold its entire 4.6 million share stake of GameStop. Also on March 14, Susquehanna disclosed that it had sold roughly 1.4 million shares of GME stock, cutting its position by 30%. Susquehanna still owns 3.05 million shares, equating to a 4% ownership stake.GME Stock: What Is RC Ventures?RC Ventures is a“seed and venture capital firm” that primarily focuses on investing in early stage companies with potential for high growth. Furthermore, the firm seeks to provide entrepreneurs with “capital, network, and mentorship,” with the goal to “create opportunities, unlock potential and drive inclusive and lasting impact.”The firm’s portfolio includes investments in several emerging markets, such as Pathao,Tuk and Truck Lagbe. 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