Ryan Cohen Adds 450,000 GameStop Shares at $23.47, Lifting Stake to 8.8%
GME sits 33% above its 52-week low of $17.79.
Summary
CEO Ryan Cohen bought 450,000 GameStop shares for about $10.6 million, raising his stake to 8.8% and extending a 90-day insider buying streak with no sales.
Key Events · Ownership and Investor Activity · GME
-
Cohen Buys 450,000 Shares
On September 29, 2026, Ryan Cohen purchased 446,500 shares at $23.4753 and 3,500 shares at $23.4499, totaling approximately $10.6 million in open-market buys.
-
Stake Rises to 8.8%
Cohen now beneficially owns 44,683,306 shares, including 3,734,784 shares underlying warrants, representing 8.8% of GameStop's 504,500,990 outstanding shares.
-
Insider Accumulation Streak
This purchase extends a 90-day pattern of insider accumulation totaling $48.2 million in open-market buys with zero insider sales.
-
Strategic Context
The purchase comes amid Cohen's hostile pursuit of eBay, including a $56 billion takeover bid and a $2 billion cost-cutting plan announced in July 2026.
Analysis · GME · Trade & Services
A fresh signal of insider conviction: Ryan Cohen, GameStop's CEO and largest individual shareholder, bought 450,000 shares on September 29, 2026 at roughly $23.47 per share, deploying about $10.6 million of personal capital. The purchase lifts his beneficial ownership to 44,683,306 shares, or 8.8% of the company. It also extends a notable streak—insiders have accumulated over $48 million in open-market shares over the past 90 days with zero sales. Cohen's continued buying arrives amid his high-profile hostile pursuit of eBay, which has included a $56 billion takeover bid, a $2 billion cost-cutting plan, and a convertible note exchange that retired $1.4 billion in debt. The move reads as a direct vote of confidence from the CEO at a time when the company's strategic direction is under intense scrutiny.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GME was trading at $23.71 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12B. The 52-week trading range was $17.79 to $28.10. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.