Whirlpool Corp
Change company Symbol lookup
Select an option...
WHR Whirlpool Corp
PG Procter & Gamble Co
PWJAX PGIM Jennison International Opportunities Fund- Class A
MBWM Mercantile Bank Corp
MEIUF Meitu Inc
HD Home Depot Inc
ACC American Campus Communities Inc
MRLN Marlin Business Services Corp
OMC Omnicom Group Inc
MSFT Microsoft Corp
Go

Consumer Discretionary : Household Durables | Mid Cap Value
Company profile

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company's segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names. In EMEA, it markets and distributes its home appliances primarily under the Whirlpool, Bauknecht, Ignis, Maytag, Laden, Indesit and Privileg brand names, and domestic appliances under the KitchenAid, Hotpoint and Hotpoint-Ariston brand names. In Latin America, it markets and distributes its home appliances and small domestic appliances primarily under the Consul, Brastemp, Whirlpool and KitchenAid brand names. The Company markets and distributes its products in Asia primarily under the Whirlpool, Maytag, KitchenAid, Amana, Bauknecht, Jenn-Air, Diqua and Royalstar brand names. It manufactures and markets a line of home appliances and related products.

Closing Price
$236.45
Day's Change
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--
Day's High
--
Day's Low
--
Volume
(Light)
Volume:
0

10-day average volume:
559,232
0

The 30-something Cohen consolidates power at GameStop and the Reddit crowd cheers...but the stock is so-so

2:01 pm ET April 8, 2021 (MarketWatch)
Print

By Thornton McEnery

GameStop's army of Reddit traders is ecstatic over the news that Ryan Cohen has been nominated chairman of the bricks-and-mortar videogame retailer, consolidating power for the executive who is seen as crucial to individual investors' hoped-for turnaround.

Cohen, who retail traders on social media treat reverentially, has been viewed as a sort of messiah in bluejeans amid the crusade to send the value of GameStop (GME) shares to the moon, while squeezing under foot, the hedge funds who have tried to bet against GameStop's shares.

The 35-year-old Cohen will succeed Kathy Vrabeck on June 9, the date of company's annual meeting.

Message boards on Thursday were lit up, reflecting the Reddit crowd's exuberance:

"CHAIRMAN COHEN!" posted multiple users on Reddit board r/Superstonk, with those messages followed by rocket emojis signifying their belief that Cohen's new role will take GameStop stock "to the moon."

For retail traders on social media, Cohen's leadership role promises greater change for the company.

"DADDY CHAIR COHEN," posted one Reddit user.

Cohen appeared to appreciate that sentiment, tweeting a photoshopped image of himself as an armchair:

(https://twitter.com/ryancohen/status/1380212953748676608)

Cohen joined GameStop's board earlier this year and immediately began championing a transition to digital sales--an effort that he is currently leading. His pedigree as the co-founder of Chewy Inc. (CHWY)is part of the reason that he has drawn such enthusiasm from individual investors. He recently disclosed a 12.9% stake in GameStop via his personal investment arm RC Ventures LLC, according to public documents.

Cohen's involvement in GameStop also caught the eye of social-media stock guru Keith Gill --aka Roaring Kitty, aka DeepFuckingValue--who posted a bullish and Cohen-centric investment thesis on GameStop that garnered attention and played a key role in January's manic short squeeze that sent GameStop shares up by more than 1,600% in a matter of days.

Despite the stock coming back to Earth, Cohen appears to have made good on his pledge to give GameStop's leadership a face-lift. In addition to creating a strategy committee, formed last month to identify ways to accelerate GameStop's transformation, the company has also brought in senior executives from Chewy and Amazon, and announced the departure of its CFO and chief customer officer.

When Cohen tweeted a picture of his late father (https://twitter.com/ryancohen/status/1372270634374467587) with the phrase "Superman lives forever" on Mar 17, he received almost 1,000 replies from users --many of them outspoken GameStop bulls--offering him condolences, with some even speculating that the tweet would push up the stock.

But while Cohen's coming reign has GameStop bulls thrilled, the stock was trading 1.4% lower Thursday and has been down over 8% so far this week.

A few dyed-in-the-wool GameStop enthusiasts fantasized about the possibility of an even more radical addition to the retailer's ranks: Gill. That is despite the fact that Roaring Kitty has no prior experience running a billion-dollar corporation.

-Thornton McEnery; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

April 08, 2021 14:01 ET (18:01 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.