Weekly Recap | GameStop +3.31%, Cohen buying drives the week
Weekly Review·
- GameStop shares rose 3.31 % for the week to close at 23.39 dollars, outperforming the S & P 500 by about 2.1 percentage points.
- The weekly upward trend was primarily driven by CEO Ryan Cohen purchasing 26.39 million dollars worth of common stock.
- Despite the insider buying momentum and high option trading activity, the consensus analyst target price remained at 13.5 dollars with minimal institutional coverage.