Live Breaking News & Updates on Hobby toy game stores

Stay informed with the latest breaking news from Hobby toy game stores on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Hobby toy game stores and stay connected to the pulse of your community

GameStop saga has prompted calls for the wrong kind of democracy

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

Gamestop , News , Ipos , View , Retail-wholesale , Specialty-retailing , Hobby-toy-game-stores , Retail , Corporate-changes , Stock-listings , Financial-performance

GameStop Shares Surge After Traders Shift Bets, Board Gets Makeover

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 board—created a so-called short squeeze that drove share prices sharply higher, according to some analysts. A short squeeze occurs when traders respond to an increase in price for a stock they bet would drop by purchasing shares in order to avoid losses.

Michael-pachter , Gamestop-corp , Gamestop , Dow-jones-market , Wedbush-securities , Retail-wholesale , Household-goods-hardware-stores , Specialty-retailing , Hobby-toy-game-stores , Computer-stores , Retail , Financial-performance

GameStop Stock Soars as Short Sellers Take a Hit

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 S3 Partners, that the stock appeared to be primed for a short squeeze, when demand for a stock briefly rises as investors rush to cover bets that the price will fall. Investors have been betting against GameStop stock, given industry trends like the growth of free-to-play online games. Consumers’ growing tendency to buy games online, rather than shopping for copies at stores, has left the company’s physical disc business in an awkward spot.

Ihor-dusaniwsky , Seth-sigman , Connor-smith , Gabriela-bhaskar-bloomberg , Ryan-cohen , Standpoint-research-ronnie-moas , Credit-suisse , Microsoft , Gamestop , Best-buy , Dow-jones-market , Ronnie-moas

GameStop Will Add Activist Investors to the Board. The Stock Shot Up.

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.
GameStop gave investors betting on the struggling videogame retailer good news and bad news on Monday.

Jim-grube , Alan-attal , Seth-sigman , Mike-hickey , Stephanie-wissink , Connor-smith , Kathy-vrabeck , Raul-fernandez , George-sherman , Jamesk-symancyk , Spencer-platt-getty , Lizabeth-dunn

Large GameStop Investor Ryan Cohen Buys More Stock

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 plans to sell stock through at-the-market offerings, which could dilute the value of existing shares.
RC Ventures, a limited liability company controlled by Cohen, paid $37 million from Dec. 15 through Dec. 18 for 2.5 million more GameStop shares, at a per share average price of $14.80. According to a regulatory filing, Cohen’s RC Ventures now owns nine million GameStop shares, or 12.9% of the shares.

Ivan-feinseth , Gabriela-bhaskar-bloomberg , Ryan-cohen , Blockbuster-video , Gamestop , Financial-partner-ivan-feinseth , Retail-wholesale , Household-goods-hardware-stores , Specialty-retailing , Hobby-toy-game-stores , Computer-stores , Retail