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GameStop Shares Get Another Boost From Hedge Fund Stake After Microsoft Partnership

GameStop Shares Get Another Boost From Hedge Fund Stake After Microsoft Partnership. GameStop Corp (NYSE: GME) stock surged 5.89% in Tuesday’s after-market trading session. GME stock has risen 28% since last Wednesday, and its year-to-date gains are close to 88%. What Happened: On Tuesday, in a filing with the U.S. Securities and Exchange Commission, the company disclosed that Richard Mashaal’s hedge fund firm, Senvest Management LLC, purchased over 3.6 million common stock representing a 5.54% stake in GameStop last week. This followed the consumer electronics and gaming retailer entering into a multi-year partnership with tech giant Microsoft Corporation (NASDAQ: MSFT) last Thursday.

First found on: finance.yahoo.com And then on: 1 other references