Tag: Ryan Cohen

Billionaire Investor Carl Icahn Bets Against GameStop

Carl Icahn Short on GameStop
Stock Market News: Carl Icahn is short on GameStop shares.

Billionaire investor Carl Icahn began shorting GameStop during the height of the ‘meme stock’ frenzy around January of 2021.

Carl Icahn still holds a large short position in GME stock, according to people familiar with the matter.

Icahn started building the short position when GameStop was trading near its peak of $483 per share and still holds a large bet against the retailer’s shares, said people, asking not to be named due to the matter being private.

The billionaire investor who has added to his position from time to time is betting that GameStop’s stock isn’t trading on its fundamentals and will continue to fall, insiders said.

Here’s the latest GameStop news.

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Ryan Cohen Posts Picture with Carl Icahn

GameStop chairman Ryan Cohen posted a picture with Carl Icahn in October which many shareholders anticipated as bullish future news.

People began to speculate Carl Icahn was going to buy GameStop shares.

Little did shareholders know that the multi-billionaire investor has been betting against GameStop since the beginning of the ‘meme stock’ frenzy, per Bloomberg.

At the time of the photo, neither individual confirmed that Icahn would take a stake in the retailer.

In January 2021, Ryan Cohen was appointed Chairman of the video game retailer.

As of March 22, he owns a total of 36.4 million shares of GameStop through his investment firm, RC Ventures, making him the largest shareholder.

GameStop shares closed at $25.16 on Monday, down -8.84% on the day.

Related: Shareholders Are Preparing for An AMC Short Squeeze

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Bed Bath & Beyond CFO Dies After Insider Trading Lawsuit Claims

Market News: Bed Bath & Beyond's CFO Gustavo Arnal has died after insider trading claims.
Market News: Bed Bath & Beyond’s CFO Gustavo Arnal has died after insider trading claims.

Bed Bath & Beyond’s CFO Gustavo Arnal died shortly after facing lawsuit claims of insider trading with GameStop’s Ryan Cohen.

His death occurred days after the company had announced it would be closing 150 stores and cutting 20% of its corporate staff.

The incident occurred less than two weeks after the executive, 52, was named in a federal class-action lawsuit on allegations of federal securities fraud, insider trading, and breach of fiduciary duty, according to court documents, per Business Insider.

The Chief Financial Officer was found dead on Friday after falling from the 18th floor of a New York City apartment building.

Arnal was cited in the suit along with activist investor and GameStop chairman Ryan Cohen, who the lawsuit claims collaborated with the CFO in a “fraudulent scheme to artificially inflate the price of Bed Bath & Beyond’s publicly traded stock.”

On August 18, both Arnal and Ryan Cohen sold shares of the company, with Arnal selling more than 42,000 shares for an estimated $1 million, and Cohen selling the entirety of his 9.8% stake through his firm, RC Ventures, causing share prices to plunge.

The lawsuit claims Cohen — who is also the co-founder of Chewy and chairman of GameStop — approached the CFO about his “pump and dump” scheme in March 2022, and “convinced Gustavo that their plan would be a mutually beneficial one.”

BBBY CFO & GameStop Chairman allegedly collude in pump and dump scheme

Ryan Cohen BBBY Insider Trading Lawsuit Claims.
Ryan Cohen BBBY insider trading lawsuit claims.

“Under this arrangement, defendants would profit handsomely from the rise in price and could coordinate their selling of shares to optimize their returns,” the lawsuit states. 

Arnal allegedly worked with JPMorgan, which is listed as a defendant in the suit on claims the bank “aided and abetted” the plan by “enabling Cohen to use JPM’s accounts to effectuate such transactions and otherwise launder the proceeds of their criminal conduct.”

Ryan Cohen made a profit of $68.1 million from his stake in Bed Bath & Beyond.

Bed Bath & Beyond was one of the so called ‘meme stocks’ that was halted last year alongside AMC Entertainment stock and GameStop after retail investors had aimed to squeeze short sellers from their positions.

Investors and shareholders are still figuring out how to process this tragic death.

Leave your thoughts down below.

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Will GameStop See a Massive Short Squeeze in 2022?

GameStop Short Squeeze
GameStop GME stock – is GameStop Squeezable?

Just when we thought GameStop’s short squeeze was over we begin to see GME gain some momentum.

GameStop has been the heart of the wallstreetbets movement and continues to have a strong sentimental hold on retail investors and gamers alike.

The retail investors who missed GameStop’s first squeeze either bought AMC shares or bought GME while it was still high.

Today, the stock has undergone a 4-1 split.

So, will GameStop see a massive short squeeze again?

Here’s what we know.

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GME stock

GameStop closed at $40.53 on Wednesday, August 17th.

Trading volume is currently sitting at 9.3 million with 12.6 million now being GameStop’s average volume.

Understanding the short-seller

GameStop has taken the entire internet and finance world by a storm. What is happening nowadays.

Retail investors over at r/wallstreetbets have opened Pandora’s Box on short-sellers and hedge fund institutions.

Short-sellers are investors who short the stock.

Shorting a stock is the process by which sellers essentially bet on the stock price to drop.

They borrow stocks at a higher cost and sell the stock low, profiting the difference.

Short Selling GameStop Stock
How short selling works

We’ve seen GameStop drop down and consolidate at $40 after its gamma squeeze peaked close to $500 per share back in January.

And it recently went through a 4-1 stock split.

As of August 17th, it is trading at $40.53.

The stock has made a massive climb after some serious consolidation. It looks like GameStop is prepping itself for another gamma squeeze.

Could we finally see that GME squeeze everyone’s been waiting for?! I think its time.

See, GameStop’s short interest is still rather high and not all short sellers closed their positions back in January.

This means the stock still has loads of room to go bonkers.

What is a short-ladder attack?

short-ladder attack is a strategy performed by short-sellers where they bid on the stock at a significantly lower sell price and purchase it from one another.

Thus, driving the share price lower.

How do you spot a short-ladder attack?

When the stock knows nothing but gains, but something keeps pushing it down until over and over again, that’s when you’ll know.

Why GameStop has potential for a second short squeeze

  1. Short-sellers didn’t learn their lesson from the first time. GameStop stock is still being heavily shorted.
  2. With GameStop becoming a technology company, its value has not only significantly gone up but it now has even more potential to keep driving its momentum.
  3. Retail investors have a strong conviction towards GameStop investment. This means they’re not willing to sell the stock which in turn creates a supply and demand scenario with short-sellers who have to close their positions.
GameStop NFT Marketplace News

Short Share Availability and Short Borrow Fee Rate

You can see GameStop’s short share availability and short borrow fee rate using this link (via. Short interest data)

This number of course changes every day and can be expected to rise as hedge funds continue to short GameStop stock.

However, the short borrow fee rate isn’t a catalyst for GME to squeeze.

I’m excited for my subcommunity that holds both GME and AMC stock because both are about to skyrocket past Pluto.

GME Stock Analysis

Roensch Capital goes over the data for trending stocks.

The information is very easy to understand and gives you insight in the market from an analysts perspective.

Be sure to check out recent videos as they’re being uploaded to stay updated with any changes that occur in the market with GameStop.

Important Advisory

It is important to note that I am not a licensed financial advisor.

Like many traders and self taught investors, all speculation is based on educated estimations based on highly reliable analysis, patterns, and documented news charts.

Volume is key to a second GameStop short squeeze

Just like AMC, GameStop will need to see a continuous runup in share volume.

When retail investors continue to buy and hold GameStop stock, short-sellers shorting the stock eventually have to buy back the stock.

This demand and supply scenario results in various gamma squeezes.

The gains we’ve seen with GameStop have been a series of gamma squeezes, or incremental gains.

Usually what follows after gamma squeezes is a short squeeze if it has enough volume.

The volume of shares depends on how much retail investors are purchasing GameStop stock or selling it.

GameStop Stock
This chart is only reference and is not GameStop’s current price – GameStop Squeezable

You can keep an eye on it via. Yahoo Finance.

How Soon Will A Second GameStop Short Squeeze Happen?

There is so much volatility occurring in the stock market at the moment.

Such volatility is usually a sign of an upcoming short squeeze as we saw back in January.

Not only are retail investors experiencing a lot of volatility, but GameStop stock seems to be in bullish territory which is great for volume.

FOMO (fear of missing out) continues to bring in new retail investors which is a great driving factor to the stocks volume.

GameStop announces fourth quarter earnings for 2020 (ARCHIVE)

GameStop announces fourth quarter earnings for 2020
is GameStop squeezable? – GameStop Short Squeeze

Saving GameStop

Retail investors now have the power to save any company they wish to save.

Now it’s only a matter of time for GameStop to step up and raise capital so that they can innovate and provide more value back.

GameStop is currently looking for ways to operate more efficiently.

While the Reddit community was able to keep them from going bankrupt, the company as a whole will need to continue kicking butt.

Here’s what’s been going on with GameStop recently.

Current GameStop news

GameStop wallstreetbets
is GameStop still squeezable? – GameStop Short Squeeze
  • GameStop introduces Matt Furlong as the new CEO of the company.
  • GME shares are still up nearly 1100% this year-to-date with the company’s valuation at $15 billion.
  • Bullish GameStop options are still currently being heavily traded

Prior to GameStop, Matt Furlong worked at Amazon in Australia overseeing the growth of operations.

He also worked in brand and marketing for Procter & Gamble years before.

The skills to grow operations and to properly brand and market will benefit GameStop immensely.

What can retail investors do to tackle shorting?

If retail investors want to counter GameStop’s stock price from plummeting, they’ll have to continue to hold and buy the stock.

This short squeeze play will require patience.

Important advisory

If you hold a position in GameStop, it’s important that you ask yourself what your reason for holding is.

Does your DD provide you with the confidence to stick to it longer if need be?

If so, stick to your convictions and trust the process.

Unfortunately, I didn’t get in on GameStop before it gamma squeezed so I took a position in AMC instead.

Taking this position has been one of the best financial decisions I’ve ever made.

I would take a position in GameStop if it was more affordable.

Regardless, I like the stock and I love the community even more.

Will GameStop finally short squeeze?

I think GameStop is preparing itself to put short sellers out of their misery.

The stock has been havoc to hedge funds and we can tell they’re giving out primarily due to this massive breakthrough we’re seeing now.

And although I personally don’t hold GME stock, I have a lot of awesome memories at GameStop which I would actually like to share with you at the end of this article.

Now let’s talk about a little justice.

A major hedge fund that was attacking GameStop has now been reported to lose a significant amount of money.

Bookmark: List of momentum stocks: Interest and utilization

Melvin Capital suffered 49% loss 1st quarter

Melvin capital suffers 49% loss 1st quarter of 2021

Ladies and gentlemen this is massive. Melvin Capital is a hedge fund that has been shorting both GameStop and AMC stock.

Melvin Capital suffered a 49% loss its first quarter of 2021, via. Markets Insider.

Here’s why this matters:

  • Not only are shorts losing money every day but huge hedge funds are bleeding
  • This is a huge win for retail investors
  • Unless shorts close their positions, hedge funds will continue to suffer
  • Interest rates can skyrocket for short sellers enabling them to close their positions

Now the hedge fund is closing its doors this June 2022 after several losses.

We’ve see GameStop’s short borrow fee decrease but I wouldn’t be surprised if it begins moving back up very soon.

Hedge funds have been trying to obliterate our beloved GameStop from the face of the planet.

Something about them losing a lot of money feels like justice.

Believe me, I’m 100% for making money.

The ethical way.

You should be supporting beloved companies, not targeting them just because you see an opportunity to kick someone when they’re down.

Karma is about to get a lot worse for hedge funds betting against both GameStop and AMC.

Read: How do hedge funds manipulate the stock market?

Will GameStop stock go up again?

As long as the stock continues to be shorted and held, GameStop can expect a series of gamma squeezes to continue pushing the stock up.

This will inevitably lead to the ultimate short squeeze.

Fundamentals can also drive GameStop’s stock price up.

The company will have to run efficiently by being able to meet projected goals.

Although this is not a fundamental play, mainstream media still has some influence over this.

Short sellers continue to face devastating losses from shorting GameStop.

Hedge funds are about to burn their second hand after playing with fire again.

FAQs

Gamma squeeze vs Short squeeze

gamma squeeze are momentum gains. These usually occur from call options closing in the pocket resulting in heavy buys or purchases in the market.

short squeeze is vigorous and can spike with no warning. This is where you see 100% gains in a matter of seconds and minutes. A short squeeze can even reach 1000% and 10,000% gains.

Related: How High Can AMC Stock Price Skyrocket Up To?

What is your first GameStop memory?

Leave a comment below.

Do you remember your first GameStop memory?

I’m sure you have many.

I remember the first time my brother and I went inside a GameStop it was unreal.

It was my first time inside an actual video game store. T

he coolest thing was seeing how many different games and accessories they had for all the consoles at the time.

Some of the most awesome memories at GameStop was seeing that brand new game on display.

For me, it was Guitar Hero.

My god. Seeing all the marketing behind the game and the guitar in display was heaven.

I also remember the employees giving you close to nothing for a used game, lol.

What are some memories you have of GameStop?

I would love to hear from you.

Leave them in the comment below.

And lastly…

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Read: GME stock: Why it can still skyrocket past $1,000 per share

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GameStop Short Sellers Eat $443.4m in Losses

GameStop Short Seller Losses
Market News: GameStop Short Seller Losses | GameStop outperforms S&P 500

GameStop short sellers are having one of the worst months this year.

Investors betting against the stock have amounted more than $443.4 million in losses, according to S3 Partners, LLC.

Hedge fund Melvin Capital closed earlier this year when it failed to recuperate from its losses shorting GameStop last year.

S3 Partners, LLC recently released a report showing AMC short sellers have lost more than $1 billion this year so far.

It seems financial institutions have not learned their lesson this year.

Here’s the latest market news surrounding GameStop and short seller losses.

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GameStop outperforms the S&P 500

GameStop outperforms the S&P 500

The market has been down all year, but GameStop has managed to outperform the S&P 500 index.

The SPY is down more than -17% this year while GME stock has managed to hover at -12.70% this year-to-date.

Looking at the 6-month chart and we’ll find GameStop outperforms the S&P 500 by a long shot.

On the 6-month chart, GameStop is up +42% and SPY is down -8%.

The one-month charts are fairly similar with both up about +2% in July.

And with GameStop’s stock split making the stock more affordable, it’s fair to say more investors will be jumping in on it.

It’s very possible GameStop short sellers end up getting caught at the wrong end of the trade again as the third quarter ends and we transition towards Q4 in October.

According to a report published by S3 Partners on July 21, GameStop has been among the top 10 most unprofitable stocks for short sellers during July 2022.

Other companies on that list include:

  • Tesla
  • Apple
  • Amazon
  • Nvidia
  • Visa
  • Coinbase
  • Lucid
  • Meta
  • Microstrategy
Most unprofitable shorts July 2022
Most unprofitable shorts July 2022

The loss of -$443,463,550 is equivalent to a net loss of -24.22%.

Tesla, Apple, and Amazon had the most unprofitable shorts for the month of July, netting billions in losses.

Related: List of The Best Stock Tickers to Day Trade

Retail sentiment in GameStop

The retail sentiment in GameStop is still rather strong and bullish.

And because GameStop’s reported short interest is still quite high at 23.86%, it’s very possible big momentum is able to squeeze the remaining short sellers from their positions.

Another short squeeze is still very possible for GME stock.

Are you a shareholder?

Leave your story in the comment section of the blog down below.

Related: How to Invest in The Stock Market for Beginners

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GameStop Announces Stock Split in Form of Dividend

GameStop Dividend
GME Stock Dividend – GME Stock Split – GameStop announces dividend and stock split

GameStop is planning a stock split in the form of a dividend, but shareholders will have to approve this plan at the upcoming 2022 annual meeting.

The game retailer filed a form 8-K with the SEC laying out the plans for this stock split and dividend.

The news has the retail community cheering on the plan but leaves curious investors with a few questions.

Be sure to bookmark this page for updates.

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How will a GameStop Dividend work?

GameStop Dividend
Source

GameStop plans to increase the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend.

The stock soared more than 14% after hours moments after the announcement.

Several call options within $170-$190 are in the pocket to fuel massive gamma squeeze for Friday’s rally.

To say GME shareholders are excited is an understatement.

But GameStop shareholders aren’t the only ones who are excited.

The entire ‘meme stock’ crowd is happy to hear the news as most upswings have been in synchronicity with both GameStop and AMC.

GME stock is up more than 16% after hours while AMC which also closed red today is up more than 5%.

What type of dividend GameStop unveils is yet unknown, but a dividend usually comes in the form of monthly, quarterly, or annual compensation.

Investors are even speculating an NFT dividend could be underway.

However, this is a developing story so be sure to join the newsletter for immediate updates.

How does a stock dividend work?

GameStop dividend

Stock dividends pay shareholders a percentage from a company’s profits every month, every quarter, or annually, depending on the terms.

Shareholder will have two options when receiving stock dividends.

  1. Cash out the dividend during every payment cycle
  2. Reinvest the dividend back into the stock to accumulate more shares over time

If GameStop offers shareholders a traditional dividend (non-NFT), then shareholders will be able to use one of these two options.

How much investors earn every month, or every quarter will depend on how many shares an investor holds and on GameStop’s dividend yield.

The more shares of a company an investor holds means the more dividend yield is accumulated over a period of time.

A GameStop dividend could provide shareholders with a stream of passive income like most dividend stocks do.

Long terms stockholders tend to reinvest that dividend so that the number of shares they own compound over time, creating a snowball effect of increased value assets.

This is what Warren Buffett refers to as value investing.

So, how does a stock split work?

GameStop Stock Split

A stock split takes a share and splits it into two or more shares, dividing the share price by the number of splits.

For example, Amazon just announced a 20-1 stock split.

This means for every share you own of AMZN stock you will receive 20 more shares when the stock splits.

AMZN stock is worth roughly $3,200 today.

If the stock split today and you only owned 1 share of stock, you will now have 20 shares each worth $160.

Owning 2 shares of AMZN stock would give you 40 shares valued at $160.

Tesla and Apple had stock splits earlier last year too.

GameStop’s stock split ratio is still unknown, but I will cover it as more information from the company is released.

What is the purpose of a stock split?

A stock split allows investors to purchase a company’s stock at much more affordable price.

Especially after a stock’s share price has surged to relatively high numbers.

Going back to Amazon as an example, while $3,200 per share is not feasible for most small investors, $160 per share incentivizes retail investors to buy the stock at a much lower entry point.

A GameStop stock split too could allow retail investors to buy the stock at a much lower price.

GameStop stock split explained

The company wants to increase the number of common stocks in the market from 300,000,000 to 1,000,000,000 to provide that capital to its shareholders in the form of a dividend.

So, it’s possible we don’t even see a traditional stock split (unless announced by GameStop).

The information we have available at the moment points towards this ‘dilution’ so-to-speak as a form of payment to GameStop’s shareholders in the form of a GameStop dividend.

GameStop’s board of directors has approved both stockholder proposals, but the stock dividend will be contingent (subject to change) on the final Board approval.

What does a GME stock dividend mean for short sellers?

The news of a GME stock dividend means retail investors will flood the market to buy GameStop, causing short sellers not only lose a lot of money, but to close their positions.

What happens to a short seller when a company announces a stock dividend?

If the stock is short on the record date, they will owe the dividend to their broker.

At this point a GameStop short squeeze is inevitable.

Shorts will be forced to buy back their shares to pay their brokers the dividend they’re entitled to once this proposal is executed, or they have the chance to close their short positions now before accumulating greater losses in the future.

Either way this plays out, short sellers are not in a good position right now.

Is GameStop a buy right now?

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GameStop might be a little pricey at the moment, but investors buying in for a short squeeze have a chance at making a lot of money in the near-term future.

Are you a GME shareholder?

Leave a comment below and don’t forget to join the newsletter for updates.

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GameStop Fires Firm Connected to Citadel (BCG)

GameStop BCG
Market News: GameStop fires BCG – GameStop Sued by BCG – GameStop BCG Lawsuit Reddit

GameStop let go of Boston Consulting Group (BCG) and the firm is now suing the retailer for $30 million in ‘unpaid’ fees.

BCG is now part of a scandal in a conflict of interest due to its connection to hedge fund and short seller Citadel.

GameStop said: “We do not believe it is in our stockholders’ best interests to pay the tens of millions of dollars sought by BCG, especially given their seemingly meagre impact on the company’s bottom line. We will fight this suit and are proud that GameStop no longer utilizes the likes of BCG for any services.”

BCG declined to comment.

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Chairman Ryan Cohen takes a jab at BCG

Chewy Founder and GameStop Chairman said on Twitter “the overpriced consultants at BCG are picking a fight with the wrong company.”

He later tweeted the following: “The only ones more useless than overpriced consultants are the ones that hire them”, referring to Citadel’s ex-BCG employees.

That’s right, numerous consultants over at BCG were later hired by Citadel.

Retail investors are flooding @BCG on Twitter for infiltrating GameStop under the old board before Cohen came in.

BCG was hired to bring GameStop out of its ‘slump’ when it was struggling, according to the lawsuit.

The consulting group says it spent “tens of thousands of hours” on the project and “overachieved” by creating more profit improvement opportunities.

“It is confounding that the high-priced consultants at BCG claim to have delivered hundreds of millions in value for GameStop during a period when share price, sales and debt were at perilous levels,” GameStop said in an emailed statement. 

GameStop said it’s “proud” it no longer uses the consulting group’s services. 

Was GameStop infiltrated by BCG?

It’s incredible how these consultants seamlessly ended up at GameStop only to join Citadel afterwards.

For starters, GameStop’s Vice President and head of Corporate Strategy & Analytics Jackson Speake was a consultant and project leader at BCG before joining the game retailer.

He also worked a Bain & Company, a company that would acquire failing businesses such as Toys R Us, and ‘bust them out’.

Except they wouldn’t bust them out, they would buy the companies using the struggling companies own credit.

This scheme is known as a Leveraged Buy Out (LBO).

Once Bain had control of the businesses, they would bring on their own board members and executives.

These executives would then pay themselves large bonuses prior to defaulting the business.

Hedge funds such as Citadel would then drive the company down to zero and keep all the money they made from short selling the stock.

Was this ring of manipulators attempting to take GameStop down?

Let’s dive deeper.

Citadel employees with BCG backgrounds

A few years ago, BCG was retained by the SEC due to concerns relating to organizational chain of command, the effect of high frequency trading, hiring and personnel practices, and oversight and reliance on self-regulatory organizations.

You can read the testimony here.

Retail activists did some research and found a variety of Citadel employees have ties to BCG.

BCG Citadel Connection
GameStop BCG Reddit Citadel Connection

One member even shows to work for both parties.

But GameStop is no longer doing business with BCG.

Retail investors are convinced there was an infiltration to bankrupt GameStop from the inside out.

What do you think?

Or is this all just one massive coincidence?

Leave your thoughts below.

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Ryan Cohen Gets 3 Bed Bath & Beyond Board Seats

GameStop Chairman and investor activist Ryan Cohen just received three Bed Bath & Beyond board seats.

BBBY stock surged as much as 8%.

Bed Bath & Beyond’s new board members were chosen by Cohen’s RC Ventures according to a Bloomberg report.

Ryah Cohen also recently increased his stake in GameStop to 11.9% this month.

Let’s break it down.

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RC Ventures joins Bed Bath & Beyond

RC Ventures LLC Bed Bath & Beyond
RC Ventures LLC Bed Bath & Beyond – Fintel

Mark Tritton, Bed Bath & Beyond’s Chief Executive Officer, said in the statement that the company looked forward to integrating the new directors’ ideas.

Two of the three members will also join a special committee to weigh strategic alternatives for Buybuy Baby (Bloomberg).

Buybuy Baby is an American chain of stores sell clothing, strollers, and other items for use with infants and young children.

Cohen stated the Bed Bath & Beyond needs to narrow its focus and maintain the right inventory mix to meet demand.

He suggested exploring the sale of Buybuy Baby.

“Our Buybuy Baby business is a tremendous asset, and we are committed to unlocking its full value,” said CEO Mark Tritton.

Ryan Cohen’s RC Ventures disclosed a 9.8% stake in Bed Bath & Beyond this month.

Marjorie L. Bowen, Shelly C. Lombard and Ben Rosenzweig have been named to the board effective immediately, and Bowen and Rosenzweig will join the four-person Buybuy Baby committee. 

The GameStop chairman increased his stake in GameStop to 11.9% this month too, purchasing 100,000 shares of GME stock (+5.56%).

GameStop’s share price soars

GameStop

GameStop shares are up more than 66% this week with the stock currently trading around $150.

This week’s surge has put GameStop at a 11.45b market cap.

Shareholders cheered Ryan Cohen on Twitter when the Chairman announced his stake increase in GameStop.

The company recently announced their partnership with Loopring, where they unveiled the beta version of GameStop’s NFT marketplace.

The partnership with Bed Bath & Beyond only seems fitting in the ‘meme stock’ world.

What are your thoughts on Ryan Cohen’s moves recently?

Leave your thoughts below.

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