GameStop’s Surge Gives Chewy Co-Founder Cohen an 810% Gain
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GameStop Corp.’s remarkable surge has left investor Ryan Cohen sitting on a eight-fold profit.
Cohen, a Chewy Inc. co-founder, disclosed an investment in GameStop in August. By December he’d purchased 9 million shares in the retailer for a total cost of $76 million. Earlier this month, GameStop announced that he and two other former Chewy colleagues would be joining the board, triggering a jump in the company’s share price.