Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.Shares of the company jumped 7.7 per cent in early trading. They are down
Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.
The company's board last week ousted Matt Furlong, a former Amazon.com executive who was handpicked to lead the largely brick-and-mortar operations company's online expansion, fanning concerns about the videogame retailer's ailing business.
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