New GameStop Chairman Gives Nod to Reddit Crowd, Stock Rises

SourceYahoo News
SectorFinancial Markets
CountryMiddle east

Oops!Something went wrong.Please try again later.Gerelyn TerzoJune 9, 2021, 10:42 AM·2 min readOops!Something went wrong.Please try again later.

GameStop doesn’t really need any help to ignite any sort of rally in the stock market these days. Nonetheless, a nod by the company’s chairman during the annual shareholder meeting in Texas today certainly didn’t hurt. According to reports, GameStop Chairman Ryan Cohen presided at the meeting, and he was quick to give credit where it was due, calling the WallStreetBets crowd “special” and saying,

“We’re fortunate to have such a special group of investors holding the company’s shares.

You guys inspire us to think bigger, fight harder and work longer each day.”

GameStop shares are up 3% at last check to USD 309.91.

Activist Investor Turned Chairman

Cohen isn’t your average company chairman. He is an activist investor who only entered GameStop stock because he wanted to see the company take a different direction. After joining the board, he was nominated to the top spot more...