Reuters
Mysterious Tweet raises Game Stop shares
Game Stop shares rose again in a bewildering sequel to insane last month, after a vague tweet about easy-to-serve ice cream from a key board member.
According to the British newspaper, “Daily Mail”, the session on Thursday in “Wall Street” witnessed a rise in “Game Stop” by 80 percent, to $ 164, one day after the shares rose by more than 100 percent.
Game Stop board member and American investor Ryan Cohen left a mysterious tweet through his account, which was a mysterious picture of soft McDonald’s ice cream, accompanied by an emoji of a frog.
The mysterious tweet prompted many small investors to study it, launching various speculations and clues that it could contain regarding the future of “Game Stop”.
Cohen, the billionaire founder of online pet supplies retailer Chewy, revealed last year that he had taken a 13% stake in “Game Stop” and joined a board of directors promoting plans to reinvent the company as an online platform.
Cohen was seen by many who had bought Game Stop shares as the company’s savior, anxiously analyzing his tweet for signs of inside information, after the company’s chief financial officer Jim Bell was ousted on Tuesday.
The newspaper indicates that the recent rise in the company’s shares has raised concerns that amateur investors may rush to buy shares at an inflated price in the hope of making profits, especially since several investors have suffered great losses, after spending their savings on buying Game Stop shares at their great height. And then decrease rapidly.
Source: British newspaper “Daily Mail”
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