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Will Wells Fargo's stock price drop by more than 5% due to the antitrust violation news by October 31, 2024?
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Resolution / Starting Odds
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Stock market data from financial news sources like Bloomberg, Yahoo Finance
Story
FTC Fines GameStop CEO Ryan Cohen Nearly $1 Million for Wells Fargo Antitrust Violation
Sep 18, 2024, 03:41 PM
The U.S. Federal Trade Commission (FTC) has ordered GameStop CEO Ryan Cohen to pay a penalty of nearly $1 million to settle an antitrust law violation. The violation pertains to Cohen's failure to file a Hart-Scott-Rodino (HSR) form after acquiring over 562,000 shares of Wells Fargo. Cohen is also the managing partner of RC Ventures LLC. The FTC announced the penalty on Wednesday, noting that the violation dates back 6 years.
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Wells Fargo outperforms all major banks • 25%
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Stock price increases by more than 5% • 25%
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