GameStop chairman Ryan Cohen just bought another 100,000 shares of the video game retailer on Tuesday, bringing his ownership to 11.9%.
chairman Ryan Cohen just bought another 100,000 shares of the video game retailer on Tuesday, bringing his ownership to 11.9% as the activist investor tries to push the company into e-commerce.
The meme stock jumped as high as about 20% in after-hours trading Tuesday after a 30% rally during the regular trading session. Cohen purchased these shares through his investment company RC Ventures at a cost as low as $96.81 and as high as $108.82 apiece, according to a regulatory filing. Now he owns a total of 9,101,000 GameStop shares.and managed to turn it into a booming business. The investor was tapped by GameStop early last year to serve as chairman of a special committee formed by its board to help its transformation.
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