March 8 (Reuters) – Shares of GameStop jumped more than 40% on Monday and other so-called meme stocks rallied, lifted by news from the video game retailer and expectations that investors may plow funds from coming stimulus checks into the equity market. Cohen, a major shareholder who has pushed Gametop’s move away from its brick-and-mortar model, joined the board in January shortly before a social media frenzy drove a meteoric rise in which GameStop shares surged more than 1,600%.
AerCap Chief Executive Aengus Kelly said the Dublin-based company had acquired its rival for an “attractive” discount to its book value in its second defining transaction in almost a decade, after purchasing U.S.-based ILFC in 2014. Short interest in GameStop was valued at $1.9 billion, or 25.38% of the stock’s float on Monday, compared to 32.56% about a week ago, according to Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
The stock was up as much as 53% at the session high. 1, after the company tapped shareholder and Chewy co-founder Ryan Cohen to spearhead a new committee to help the video game retail chain’s transition to e-commerce. If you liked this posting and you would like to acquire extra data with regards to สมัคร live casino house kindly visit our internet site. In a phone interview, Culp said the deal would help GE become better capitalized in line with peers and “significantly” derisk its balance sheet, opening up an array of capital allocation options including higher dividends, share buybacks.
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Some of the $1,400 in payments heading to most Americans could end up in the stock market and could provide a boost for GameStop and other stocks popular among retail investors active in online social media forums.