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GameStop's three largest shareholders earn over $2bn amid stock surge

Shares rise as video game retailer is at the center of a frenzied dual between Wall Street and small investors

The three largest shareholders in GameStop, the video game retailer at the center of a frenzied dual between Wall Street and small investors, have made more than $2bn from the company’s astronomic recent share rise.

Stock in the company continued its vertiginous rise on Wednesday, hitting a fresh 52-week high of $354.83, making the 13% stake held by Ryan Cohen, 34, GameStop’s largest single shareholder, worth more than $1.3bn.

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from Culture | The Guardian https://ift.tt/2M4wsUa
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