Ryan Cohen Buys 700,000 GameStop Shares at $24.41, Lifting Stake to 8.9%
GME sits 39% above its 52-week low of $17.79.
Summary
CEO Ryan Cohen bought 700,000 GameStop shares for about $17.1 million on October 2, 2026, increasing his stake to 8.9% of the company.
Key Events · Ownership and Investor Activity · GME
-
Cohen Buys 700,000 Shares
Ryan Cohen purchased 700,000 shares on October 2, 2026 at a weighted average price of $24.4061 per share (range $24.3600-$24.4400), spending approximately $17.1 million.
-
Stake Rises to 8.9%
Cohen now beneficially owns 45,383,306 shares, including 3,734,784 shares underlying warrants, representing 8.9% of GameStop's 504,500,990 shares outstanding.
-
Insider Accumulation Continues
This purchase extends a 90-day insider accumulation pattern totaling $58.8 million in open-market buys with no insider sales.
-
Aggregate Cost Basis Disclosed
Cohen's 41,648,522 directly owned shares have an aggregate purchase price of approximately $202,633,741, excluding brokerage commissions.
Analysis · GME · Trade & Services
Ryan Cohen, GameStop's CEO and largest individual shareholder, bought 700,000 shares on the open market at a weighted average price of $24.4061, spending roughly $17.1 million. The purchase raises his beneficial ownership to 45,383,306 shares, or 8.9% of the company. This is a direct, cash-funded vote of confidence from the executive leading GameStop's aggressive eBay acquisition campaign, and it comes amid a broader insider accumulation pattern of nearly $59 million over the past 90 days.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 36.5% of the 1055 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 $24.71 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12.5B. 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.