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Why GameStop's Stock Is Trading Higher Today

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Why GameStop's Stock Is Trading Higher Today

GameStop Corp. (NYSE: GME) shares are trading higher after RC Ventures disclosed a 9.98% active stake in the company.

Ryan Cohen disclosed he had conversations and communications with senior management and several GameStop board members concerning views of the company. Expressed willingness to be more involved under certain circumstances, said in a SEC filing.

See Also: Ryan Cohen Sees GameStop Rivaling Amazon Long-Term

GameStop operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe.

GameStop's stock was trading up 16.63% at $10.20 per share on Tuesday at the time of publication. The company has a 52-week high of $11.16 and a 52-week low of $2.57.

 

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