Ryan Cohen Buys 1M GameStop Shares at $20.38, Lifts Stake to 8.5%
GME is trading near its 52-week low of $17.79 (15% above the low).
Summary
GameStop CEO Ryan Cohen purchased 1 million shares at $20.38 per share, increasing his stake to 8.5% of the company.
Key Events · Ownership and Investor Activity · GME
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CEO Buys 1M Shares
On September 10, 2026, Ryan Cohen purchased 1,000,000 shares in open-market transactions at a weighted average price of $20.3759 per share (range $20.0199–$20.4699).
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Stake Rises to 8.5%
Cohen's beneficial ownership increased to 43,082,626 shares, including 3,734,784 shares underlying warrants, representing approximately 8.5% of the 504,500,990 shares outstanding as of September 3, 2026.
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Aggregate Cost Basis Updated
The aggregate purchase price of Cohen's directly owned 39,347,842 shares is approximately $148,586,219, excluding brokerage commissions, funded with personal funds.
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Insider Accumulation Continues
This purchase extends a 90-day insider accumulation pattern of $1,033,956 in open-market buys with zero insider sales, signaling continued conviction from the CEO.
Analysis · GME · Trade & Services
A fresh open-market purchase by Ryan Cohen, GameStop's CEO and largest individual shareholder, signals continued conviction. He bought 1,000,000 shares at a weighted average price of $20.3759, lifting his beneficial ownership to 43,082,626 shares, or 8.5% of the class. The move comes amid his ongoing hostile bid for eBay and extends a 90-day insider accumulation pattern of over $1 million with no insider sales. By committing personal cash at current market prices, Cohen reinforces his alignment with shareholders during a period of aggressive strategic activity.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 29.4% of the 1386 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.50%. 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 $20.42 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10.3B. 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.