3:25 PM ยท 13 June 2023

GameStop rally 9%. Ryan Cohen boost stake with $10 mln ๐Ÿ“ˆ

Popular among retail investors, GameStop (GME.US) is gaining nearly 10% today and has reached local highs of March 2022. The reason is Ryan Cohen's reported purchase of the company's shares, worth $10 million. The market perceived Cohen's purchase as an 'act of faith' by the former CEO in the long-term success and undervaluation of GME's shares.

  • Cohen bought a total of 443,000 shares, paying between $22.24 and $22.90 per share, and already owns nearly 12% of Gamestop's shares. The purchase came just days after the company reported disappointing quarterly results, revealing a loss of $0.14 per share.
  • Following the results, CEO Matt Furlong was fired. The company is facing the prospect of reviewing various strategic business options to recover from the losses. Among those under consideration will be store closures and unprofitable business segments The company declined to comment more broadly on Q1 results.

GameStop (GME.US) share price chart, H4 interval. The RSI indicator has not yet broken out levels indicating clear overvaluation, MACD is hovering upwards. If positive sentiment in the stock market continues, GameStop could erase all the declines that have lasted since December 2022. Source: xStation5

14 August 2026, 1:00 PM

Market Wrap: European software stocks keep indices near record highs. Dollar gives up this week's gains (14.08.2026)

14 August 2026, 10:25 AM

Reddit joins the S&P 500, shares surge 12% ๐Ÿ“ˆ From a niche forum to the heart of Wall Street

13 August 2026, 7:13 PM

Daily Summary: S&P 500 at a New ATH (13.08.2026)

13 August 2026, 4:05 PM

US Open: S&P 500 close to highs - as September Fed hike chances fall (13.08.2026)

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits