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Wajeeh Khan

GameStop Stock Is Shrugging Off the Selloff as CEO Ryan Cohen Buys Shares. How Should You Play GME Here?

Ryan Cohen GameStop GME Bitcoin NYSE

GameStop (GME) shares gained as much as 5% in an otherwise down market on Monday following an SEC filing that confirmed its chief executive has increased his stake in the gaming merchandise retailer. 

Ryan Cohen spent a total of $10.7 million to load up on 500,000 shares of GME last week, as per the regulatory filing on April 3. His stake in the NYSE-listed firm now sits at about 8.4%. 

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