GameStop shares rise more than 3% after hours after CEO Ryan Cohen buys $26.4 million of stock
AI Market Summary
GameStop shares rose after-hours after CEO Ryan Cohen disclosed a $26.4M purchase of 1.15M shares, adding to recent insider buying and signaling confidence outside a 10b5-1 plan. The move follows Q2 results with EPS in line, revenue above consensus but down YoY, and higher net income; an eBay stake contribution and raised FY2026 adjusted EBITDA outlook further supported sentiment.
Impact level
● Medium
Affected assets
NCSKGME2USD/USDT+5.52%
AI Insight · NCSKGME2USD/USDTAI Insight
▲ Bullish
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GameStop CEO Ryan Cohen bought 1.15 million shares on September 21 for about $26.4 million at a weighted average price of $22.9375. The purchase came less than two weeks after he bought another 1 million shares for about $20.4 million. Over the same period, directors Alain Attal and James Grube also purchased shares worth $100,000 and about $196,000, respectively.
