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GameStop Corp. Class A (GME) News
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last 30 daysCohen's direct stake now totals 40.5 million shares, representing 9% of GameStop's equity and valued at $921.75 million as of the transaction date.
The insider's capital commitment signals confidence in the specialty retailer despite the stock's 13% decline over the past year.
GameStop shares rose 3% in postmarket trading after CEO Ryan Cohen reported an insider stock transaction to the US Securities and Exchange Commission.
GameStop's reinvention story is unlike anything else happening in retail right now. Home Depot's stability and dividend make it one of the most dependable long-term holds.
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