FILE PHOTO: An employee talks with a customer at a GameStop shop in New York City, New York, U.S. January 30, 2021. Picture taken January 30, 2021. REUTERS/Nick Zieminski
(Reuters) - Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale after the company lost its fifth CEO in five years last week.
Shares of the company jumped 7.7% in early trading. They are down nearly 80% from their peak of $120.75 hit during the meme-stock frenzy of 2021.
