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GME's chairman added position: Money speaks more than words?
Said on Twitter 'I put my money where my mouth is.', Ryan Cohen the Chairman of GameStop added his GME position. According to the 13D filing Show More
Said on Twitter 'I put my money where my mouth is.', Ryan Cohen the Chairman of GameStop added his GME position. According to the 13D filing, Ryan Cohen's RC Ventures bought 100,000 shares of GameStop shares on Mar 22. The stock price surged 30.72% on Tuesday and 11% today pre-market. The WSB Concepts also went up collectively.
Generally speaking, executives have more information on his/her own company, and money speaks more than words. In that case, some investors follow the buying or selling moves of Chairmans. However, executives' trading does not necessarily affect stock prices. Bezos sold roughly $684 million worth of Amazon shares in May 2021, and the stock surged 13% in less than 3 months.
Should investors follow executives' buying or selling? Are WSB stocks worth watching from now?

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