Why GameStop Stock Popped 11% Friday as Stock Indexes Fell [Yahoo! Finance]
GameStop Corporation (GME)
Last gamestop corporation earnings: 3/26 04:06 pm
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Source: Yahoo! Finance
Cohen now holds roughly 8.4% of GameStop, the filing said. The move comes after GameStop added bitcoin to its corporate investment policy last month. GameStop ( GME ) shares jumped Friday after a regulatory filing revealed that CEO Ryan Cohen purchased 500,000 shares of the company. Cohen bought the shares Thursday at an average price of $21.55, bringing his stake in the video game retailer to more than 37 million shares, or roughly 8.4%, the filing said. GameStop's share price popped 11% Friday to $23.49 after closing a day earlier at $21.10, the gains coming as broader markets fell dramatically. (Read Investopedia's coverage of today's trading here The purchase came a little over a week after GameStop added bitcoin to its corporate in
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