GameStop shares move higher after Michael Burry says he's been buying the stock

Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024.Michael Burry, the investor made famous by his bet against the U.S. housing market ahead of the financial crisis, disclosed that he has been buying shares of one-time meme darling GameStop."I own GME. I have been buying recently. I expect I am buying at what may soon be 1x tangible book value / 1x net asset value," Burry said in a Substack post published Monday. "And getting a young Ryan Cohen inve ...