GameStop shares are getting a big boost after its chairman bought more stock.
Shares rose another 11% in pre-market trading, following the extended session that saw a surge of more than 30%.
The videogame retailer’s chairman, Ryan Cohen, disclosed his firm bought 100,000 shares of the company’s stock on Tuesday.
Cohen made the purchase through his firm RC Ventures LLC.
Cohen owns an 11.9% stake in the retailer, or 9.1 million shares.
Cohen responded with a tweet on Tuesday night.
Last year, GameStop shares were in focus when they were targeted by a months- long, social media-fueled trading frenzy. Shares peaked at that time around $350.
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Cohen revealed a stake in Bed, Bath & Beyond and pushed for a turnaround.