Ryan Cohen Buys $26.4M of GameStop Stock, Lifting Stake to 8.7%
GME sits 28% above its 52-week low of $17.79.
Summary
GameStop CEO Ryan Cohen bought $26.4 million of GameStop stock on September 21, 2026, raising his stake to 8.7% of outstanding shares.
Updates
· Seeking Alpha — GameStop shares rose 3% following the purchase.
Key Events · Ownership and Investor Activity · GME
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Cohen Buys $26.4M of GME Stock
Ryan Cohen purchased 1,150,680 shares at a weighted average price of $22.9375 on September 21, 2026, for approximately $26.4 million.
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Stake Rises to 8.7%
Cohen's beneficial ownership increased to 44,233,306 shares, or 8.7% of the 504,500,990 shares outstanding as of September 3, 2026.
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Insider Accumulation Continues
This purchase adds to a 90-day pattern of insider accumulation totaling $21.4 million in open-market buys with no insider sales.
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Context: Hostile eBay Bid
The purchase follows Cohen's ongoing hostile pursuit of eBay, including a $500 million personal investment and increased stake in eBay disclosed in prior filings.
Analysis · GME · Trade & Services
GameStop CEO Ryan Cohen purchased 1,150,680 shares at a weighted average price of $22.9375 on September 21, 2026, spending approximately $26.4 million. This is a significant open-market purchase by the company's most prominent insider, increasing his beneficial ownership to 44,233,306 shares, or 8.7% of the outstanding Class A common stock. The purchase comes amid Cohen's ongoing hostile pursuit of eBay and follows a broader pattern of insider accumulation, with no insider sales over the past 90 days. The transaction demonstrates continued conviction from the CEO and adds to the positive insider sentiment surrounding the company.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36.1% of the 1051 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. 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 $22.82 on NYSE in the Trade & Services sector, with a market capitalization of approximately $11.5B. The 52-week trading range was $17.79 to $28.10. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.