GameStop Jumps as Ryan Cohen’s RC Ventures Buys 100,000 shares of GME

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Overview: GME GameStop Jumps as Ryan Cohen’s RC Ventures Buys 100,000 shares of GME. We are going to look at why GME jumped today, the additional purchase of shares by RC Ventures, GME trending on Twitter and Stocktwits, and an overview of GameStop subreddits.
Here is a summary of the RC Ventures / GameStop Schedule 13 D Filing
Number of shares purchased: 100,000
Average cost per share: $102.07
Total cost: $10,176,343.32

As of the date hereof, RC Ventures directly beneficially owned 9,101,000 Shares, constituting approximately 11.9% of the Shares outstanding. Mr. Cohen, as the Manager of RC Ventures, may be deemed to beneficially own the 9,101,000 Shares owned RC Ventures, constituting approximately 11.9% of the Shares outstanding.

GME Twitter Trend
GameStop was trending on Twitter the last 24hrs with the number of tweets increasing by over 200%, comments up by 700%, and likes hitting 2.5 million, up close to 600%.
Reddit GameStop: r/gme and r/Superstonk
What started out on r/wallstreetbets then expanded into two different subreddits, r/gme and r/Superstonk.

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