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https://www.barrons.com/articles/gamestop-ryan-cohen-insider-buys-stock-price-51648072420
Just when meme stocks seemed down for the count, Chewy co-founder Ryan Cohen stepped in and bought 100,000 shares of GameStop on Tuesday. The decision not only helped spark a rally—it also says a lot about how the GameStop chairman views the firm’s turnaround prospects.
Cohen’s RC Ventures bought shares at prices ranging from $96.81 to $108.82 at an average price of about $101.76, according to a filing with the Securities and Exchange Commission and Barron’s calculations. RC Ventures now holds 9.1 million shares for an 11.9% stake. Spending another $10.2 million on GameStop is a major bet on his turnaround effort for Cohen.
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