An epic short squeeze rally, combined with pockets of investor euphoria found on popular trading forums like Reddit's WallStreetBets, helped propel shares of GameStop to an all-time high of $159.18 in Tuesday trades.last year at an average price of $8.43, worth $76 million at the time. At it's intra-day high today, that stake was worth as much as $1.4 billion, representing a return of more than 1,700%.
But Cohen seems to be playing the long-game on GameStop. Through his firm RC Ventures, Cohen had petitioned the board of GameStop to adopt a strategy that would transform the company into a specialized e-commerce retailer of gaming products., which is a specialized e-commerce retailer of pet products. After being acquired by PetSmart for $3.5 billion, Chewy went public and is now trading at a valuation of more than $43 billion.
Does Chewy still advertise on Fox News?
And hes not even trying yet 😂
congrats!! Im sure it's not done yet but I wonder just how dirty these funds will play. Seems they will do ALL they can to get out of this. I can't wait until u can give an interview & shoot down the blockbuster thesis even more. Heres to u & for the everyday retail trader.
Bull run 💀
ebcapital Son of a gun!
Did he sell? If the answer is no, he hasnt reaped anything.
It takes money to make money! (and good Wall Street buddies ) 😎
That’s $1,292,000,000!
Is he single?
reaped
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Source: CNBC - 🏆 12. / 72 Read more »