US Stock Market News | GameStop surged over 6% after falling over 12% in the past month
GameStop's stock price rose by over 6%, reaching $20.5. The stock price has increased by 17.04% year-to-date, but has dropped by 12.43% in the past month. The Federal Trade Commission fined CEO Ryan Cohen, leading to stock price fluctuations. Cohen agreed to pay nearly $1 million to settle charges for failing to properly disclose the acquisition of over 562,000 shares of Bank of America voting securities
According to Zhitong Finance, on Friday, GameStop (GME.US) saw its stock price rise, with the stock up over 6% to $20.5 at the time of publication. GameStop's stock price has risen by 17.04% year-to-date, but has fallen by 12.43% in the past month. The Federal Trade Commission (FTC) recently fined CEO Ryan Cohen, exacerbating the company's stock price volatility. According to the FTC, Cohen acquired over 562,000 shares of voting securities of Fuhwa Bank without proper disclosure, exceeding the reporting threshold of the HSR Act. Cohen has agreed to pay nearly $1 million to settle the FTC's charges