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Gone are the days when initial public offerings were just as interested in retail investors

Short sellers of GameStop stock just got squeezed. Shares of the videogame retailer spiked nearly 94% on Wednesday, though the gain shrank to about 57% through the market’s close. In an email to Barron’s, S3 Partners’ Ihor Dusaniwsky pointed to optimism following news on Monday that Chewy co-founder Ryan Cohen and two other former Chewy executives were joining GameStop’s (ticker: GME) board of directors. That, paired with holiday sales results, appeared to trigger “a long buying tsunami,” according to Dusaniwsky Barron’s recently noted, citing short-selling data from S...

Updated Jan. 13, 2021 4:51 pm ET Investors who bet that shares of GameStop Corp. GME -0.01% would fall shifted positions Wednesday, sending the struggling videogame retailer’s stock soaring to its highest levels in years. GameStop shares were up more than 57% to $31.40 on Wednesday, marking a steep climb from a year earlier, when the stock was valued at just $4.61 a share. That recovery—fueled in part by the company’s announcement two days ago that it would add Chewy Inc. co-founder Ryan Cohen and two of his former colleagues to its boar...

Order Reprints Print Article GameStop gave investors betting on the struggling videogame retailer good news and bad news on Monday. The stock, for now, seems fixed on the former. The company (ticker: GME) reached a deal with Chewy co-founder Ryan Cohen’s RC Ventures. Cohen, as well as former Chewy executives Alan Attal and Jim Grube, will join the company's board, now at 13 members. Cohen holds 13% of GameStop shares, according to a recent filing with the Securities and Exchange Commission. Lizabeth... Close GameStop Will Add Activist Investors to the Board. The Stock Shot Up. Gam...

Order Reprints Text size Ryan Cohen, a co-founder of pet-supplies retailer Chewy, recently bought more GameStop shares through a limited liability company. Gabriela Bhaskar/Bloomberg Ryan Cohen, a big investor and activist in GameStop stock, just bought more shares of the videogame retailer. GameStop (ticker: GME) shares have tripled this year, lifted by sales of next-generation gaming consoles and the prospect of actions by activists, including Cohen. GameStop’s third-quarter earnings, reported earlier this month, were disappointing. The company also said it...