GME Stock: What We Know About Ryan Cohen’s Plans to Upgrade GameStop Stores
Investors in meme stock GameStop (NYSE:GME) have been on quite the ride as of late. Indeed, shares of GameStop have an absolutely insane 52-week range of $3.92-$483. At a price of around $180 per share at the time of writing, this stock has been trading in a relatively narrow range lately. That is, as far as GameStop is concerned.
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Today, shares of GME stock are trading down 3%. That said, these kinds of moves are relatively normal for meme stocks. Investors looking for quick wins have opted to consider shares of these meme stocks in recent months. Given GameStop’s relatively high short interest level around 15%, the view that this is a stock that could squeeze continues to drive interest in GME stock.
However, investors now have another catalyst to rely on. Let’s dive into what GameStop shareholders are looking at today.
Can GME Stock Surge on Digitization Plans?
GameStop Chairman and largest shareholder Ryan Cohen has become a key talking point for investors in GME stock. Indeed, the co-founder and former CEO of Chewy (NYSE:CHWY) has announced plans to revive the faltering video game retailer.