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Barchart
Wajeeh Khan

A $26 Million Reason Why GameStop Stock Is Up Today

GameStop Ryan Cohen GME

GameStop (GME) closed meaningfully higher on Tuesday after chairman and CEO Ryan Cohen confirmed that he recently loaded up on company shares. According to the latest Form 4 regulatory filing, Cohen has invested another $26.4 million in GME, adding another 1.15 million of its Class A shares to his portfolio.

Following today’s gains, GameStop stock is up about 20% versus the start of this year.

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