GameStop stock rockets 8% as Burry reveals stake, calls investment long-term bet

"And getting a young [GameStop CEO] Ryan Cohen investing and deploying the company's capital and cash flows. Perhaps for the next 50 years.†Shares of GameStop rose nearly 8% on Monday following the disclosure, reflecting renewed investor interest after Burry's comments became public. Michael Burry, the investor best known for profiting from his bet against the US housing market ahead of the 2008 financial crisis, said he has been buying shares of GameStop. He described the position as a long-term value in ...