US EditionGameStop Shares Surge 4.7% to $25.61 as Meme Stock Momentum Returns Amid Ryan Cohen Transformation Bets
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GameStop Stock Jumps Again: Why GME Is Back Above $25 And What Could Break The Rally
GameStop shares rose about 4.2% to near $25.49 in midday New York trading Wednesday, with volume topping 5.3 million shares after a short Xbox and PlayStation trade-in promotion and renewed speculation about CEO Ryan Cohen’s acquisition plans. Cohen told CNBC he wants GameStop to buy a much larger public consumer company but did not name a target. GameStop’s cash and securities rose to $9 billion last quarter as net sales fell. The post GameStop…
GameStop Shares Surge 4.7% to $25.61 as Meme Stock Momentum Returns Amid Ryan Cohen Transformation Bets
NEW YORK — GameStop Corp. shares jumped more than 4.7% in midday trading Wednesday, climbing to $25.61 as renewed retail investor enthusiasm and speculation around CEO Ryan Cohen's ambitious turnaround plans fueled the latest surge in the iconic meme stock.
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