GameStop Stock Surges 11% on CEO's Share Purchase Despite Market Decline

Reported about 20 hours ago

GameStop shares experienced an 11% increase on Friday, reaching $23.49, after a regulatory filing indicated CEO Ryan Cohen had acquired 500,000 shares, boosting his total stake to approximately 8.4%. This surge occurred amidst a significant decline in broader market indexes and followed GameStop's recent decision to include bitcoin in its corporate investment strategy.

Source: YAHOO

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