00:00It's Benzinga, bringing Wall Street to Main Street.
00:03GameStop drew attention this week after a trade-in pricing glitch and insider buying activity by
00:08CEO Ryan Cohen, according to Benzinga. A YouTuber exposed a trade-in loophole involving the newly
00:14released Nintendo Switch 2 that allowed customers to generate store credit. GameStop confirmed on
00:20X that a pricing glitch briefly overvalued a trade-in compared with the retail price
00:24and said the issue has been fixed. Additionally, SEC filings showed Ryan Cohen bought 1 million
00:31shares of GameStop this week for about $21 million at an average price of $21.40. His total stake now
00:38stands at about 42.1 million shares or 9.3%. GameStop shares rose 10% for the week as online chatter also
00:47picked up around the one-year anniversary of the last social media post by Keith Gill, also known as
00:53Roaring Kitty. For all things money, visit Benzinga.com.
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