GameStop Stock News

While meme stocks cannot make you rich, they can generate gains in the short-term.

Ryan Cohen, the billionaire chief executive of GameStop , must face a lawsuit by the company once known as Bed Bath & Beyond to recoup $47.2 million of profit from trading its stock before the home goods retailer went bankrupt.

Meme stocks GameStop and AMC rise and fall with social media hype. The post GameStop Tests Key Level After Historic Rally As CEO Loads Up; Are Meme Stocks A Buy Or Sell Now?

Since the beginning of April, market volatility has spiked, due largely to uncertainty about inflation, interest rates, upcoming quarterly reports, and mostly the impact of tariffs and a global trade war on the U.S.

Two GameStop Corp. directors increased their stakes in the videogame retailer, just a week after Chief Executive Ryan Cohen grew his position in the original meme stock.

GameStop Corp (NYSE:GME) shares edged higher before Friday's opening bell on the news that CEO Ryan Cohen has purchased additional shares of the video game retailer.  Cohen purchased 500,000 additional shares at $21.55 each for a total of $10.8 million, a regulatory filing showed.

Shares of GameStop Corp. were up 3.7% in extended trading Thursday after Chief Executive Ryan Cohen increased his stake in the videogame retailer and original meme stock.

GameStop has transformed from a video game retailer to a cash-rich company, holding $4.8 billion in cash out of $5.9 billion in total assets. CEO Ryan Cohen aims to leverage GME's cash and brand to create a new-age investment holding company, with crypto as a primary target. GME's unique position and loyal investor base provide an opportunity to pursue investment initiatives for mutual profit, ...