Ryan Cohen scoops up GameStop stock worth $10 mln, shares rise

📆 6/13/2023 6:50 PM
📰 Reuters

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Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.

An employee talks with a customer at a GameStop shop in New York City, New York, U.S. January 30, 2021. Picture taken January 30, 2021. REUTERS/Nick Zieminskistock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.

The company's board last week ousted Matt Furlong, a former Amazon.com executive who was handpicked to lead the largely brick-and-mortar operations company's online expansion, fanning concerns about the videogame retailer's ailing business.

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