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Why GameStop Shares Popped Again Today

TheMotleyFool

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GameStop (NYSE: GME) investors are partying like it's 2021. After rocketing up more than 30% yesterday, GameStop shares are marching higher again today. The stock popped 17% early Wednesday and was still up 12.3% at 11:22 a.m. ET.

Sometimes these moves can be written off as just meme stock moves being driven by retail investors pushing each other to buy the stock on social media. That appears to be along the lines of what happened yesterday, but that just so happened to also presage some news that was music to the retail investing crowd's ears. After the bell yesterday, GameStop filed a statement showing widely followed chairman Ryan Cohen just bought 100,000 shares of the video game retailer.

Image source: Getty Images.

Source Fool.com

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