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Activist Investor Ryan Cohen Reports 12.9% Stake in GameStop

Dec. 21, 2020, 1:53 PM

Activist investor Ryan Cohen reported a 12.9% stake in GameStop, according to a filing with the SEC.

  • Shares of GameStop climbed more than 5% in premarket trading
  • “The Reporting Persons have engaged, and intend to continue to engage, in discussions with the Issuer’s Board of Directors regarding means to drive stockholder value, including through changes to the composition of the Board and other corporate governance enhancements,” according to the filing
  • Cohen’s firm, RC Ventures, has expressed willingness to get more involved with the company in order “to produce the best results for all shareholders,” according to a filing in September ...

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