GameStop shares are up about 1,000% this year. As of 12:25 p.m. Eastern Monday, GameStop shares were surging 35%, representing about $3.4 billion in added market value; current prices of about $182 are about 13 times more than the average analyst price target of $13.44, according to Bloomberg. A representative for Cohen, who Forbes estimates is worth about $1.9 billion, did not immediately respond to a request for comment. Key BackgroundIt's still unclear how long GameStop shares can retain their stratospheric highs, but their latest rally has gone on for two weeks. Rocket Companies, which was pulled into the action last week, has tanked about 38% from a high on March 2.

Source: Forbes March 08, 2021 17:26 UTC