Gme stock - Another Game Stop stock ready to fired

Masroor Alam

Stock ownership can be an important factor to consider before buying shares of a company. Today, Wall Street Memes takes a closer look at the top GME stockholders.

Stock ownership can, sometimes, be an important piece of an investment thesis. Company strategy could be influenced by the key shareholders (or by several of them, as has been the case of movie theater operator AMC), which in turn can impact the share price.

gme stock

Today, Wall Street Memes looks at GameStop stock's  (GME) - Get GameStop Corp. Class A Report ownership and explains how the structure can affect the company’s operations and its stock price.

GME largest holders( Read Here)

As reported by Yahoo Finance, the company currently has a float of 56 million shares. Of the total, 36% is owned by the public, 45% by institutions, and 19% by insiders — the latter includes the company's officers, directors, and those with access to non-public company information.

Read More

RC Ventures, Blackrock, and Vanguard are the top holders, with 13%, 9%, and 8% of the shares, respectively (see below). The former is the investment firm run by famed company chairman Ryan Cohen (more on him below). The other two own GME with the goal of packaging their shares as ETFs, which in turn end up owned primarily by individual investors.

Ryan Cohen bought his 9 million shares in December 2020, one month before GME’s short squeeze. Since then, Ryan saw his stake rise in value by more than 2,400%. In April 2021, Ryan Cohen was named GameStop's chairman, effective in June.

Mr. Cohen’s ownership has been key in GameStop’s turnaround efforts. Since he took over as chairman of the board, he has been vocal in proposing a series of changes to the company's business model and core strategy.

In addition, some “smart money” appears to be bullish on GME. Among them is legendary quant hedge fund Renaissance Technologies, founded by billionaire Jim Simons, which owns nearly 1% of GameStop’s equity. Some shareholders may find comfort in knowing that their optimism towards the game retailer is shared with highly successful institutional investors.

5 Another Game stops stock ready to fire: Read here...


Post a Comment

* Please Don't Spam Here. All the Comments are Reviewed by Admin.
Post a Comment (0)



Legal Notice

Legal Copyright Disclaimer: LetMeAsk is a tech website that publishes tutorials, news, and reviews. We do not verify if apps, services, or websites hold the proper licensing for the media that they deliver. We do not own, operate, or re-sell any streaming site, service, app, or addon. 

Each person shall be solely responsible for media accessed and we assume that all visitors are complying with the copyright laws set forth within their jurisdiction. Referenced applications, add-ons, services, and streaming sites are not hosted or administered by LetMeAsk.

Our website uses cookies to enhance your experience. Learn More
Accept !