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GameStop’s stock is climbing again. This is why. - MarketWatch

1. Ryan Cohen increased his GME stake by purchasing 500,000 shares. 2. Cohen's stake now represents 8.4% of GameStop's outstanding shares. 3. GameStop's new investment policy allows equity securities investments. 4. The approved policy includes Bitcoin as a treasury-reserve asset. 5. GameStop shares are up 83% over the past year despite competition.

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FAQ

Why Bullish?

Ryan Cohen's increased stake indicates confidence in GME's future. Historical moves by large shareholders often precede price increases.

How important is it?

Cohen's involvement and new policies indicate potential strategic shifts at GameStop, impacting stock confidence.

Why Short Term?

Immediate positive sentiment from Cohen's purchase may boost stock price soon. However, long-term sustainability depends on business performance.

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