Before GameStop’s price rose so dramatically, Fidelity owned 9.3 mn shares. By the end of January, it owned just 87. Similarly, at AMC Entertainment, Silver Lake sold its $713 mn stake in the company after its share price increased fivefold. What does this mean for IR teams?...
“Is the Robinhood customer getting the same price as the Fidelity customer?” Sherman asked Griffin. “Congressman, I believe that’s an excellent question,” Griffin responded. “The execution quality that we can provide as measured by terms of price improvement is heavily related or cor...
Meanwhile Ryan Cohen, theChewy(CHWY) founder who is now on GameStop’s board, runs a fund that owns nearly 13% of GameStop – a stake now worth about $3 billion that makes it the second biggest investor in the company. Big money managers Fidelity, BlackRock, Vanguard and Susq...