Insider Buying and Hefty Price Tags: What's Behind the Market Moves
GameStop's CEO Ryan Cohen has bought 1 million shares of GME stock, spending $20.38 million. This purchase is significant because it marks a potential buying signal when insiders buy company stock. Cohen now owns 39.3 million GME shares.
The move might set a support zone at around $20.00 for GameStop's stock price.
Meanwhile, Apple has launched a tablet smartphone device priced at $1,999, which may seem steep to some investors. However, enthusiasts are undeterred by the hefty price tag and are likely to purchase the device.
Investors who choose to allocate their funds to buying AAPL stock instead of the Duo might fare better financially in the long run.