GameStop Stock Surges After Exec Tweets Photo of McDonald's Ice Cream
Followers are scrambling to figure out the meaning behind the cryptic post.
GameStop, the electronics retailer at the center of a trading frenzy fueled by Reddit community r/WallStreetBets, saw another surge in stock value following a cryptic Twitter post by board member Ryan Cohen.
Cohen, the former Chewy CEO who was appointed to GameStop’s board of directors in early January, shared a photo of a McDonald’s ice cream cone yesterday afternoon. Many are theorizing that the puzzling post is responsible for fueling renewed interest in GameStop, whose stock had fallen to around $50 USD from a high exceeding $400 USD per share in late January. As of this morning, its stock was holding at around $112 USD.
Head to Ryan Cohen’s Twitter to check out his rather confusing feed.