Billionaire GameStop CEO Ryan Cohen Buys 1.2 Million Shares for $26.4 Million. Is GME Now a Buy?
Cohen's direct stake now totals 40.5 million shares, representing 9% of GameStop's equity and valued at $921.75 million as of the transaction date.
GameStop CEO Ryan Cohen purchased roughly 1.2 million shares of the company's common stock on September 21, 2026, according to a SEC Form 4 filing. The transaction valued at $26.4 million, calculated using the weighted average purchase price of $22.94 per share. Following the purchase, the market value of Cohen's shares stood at $22.76 each, based on the stock's price at the close of trading that day.
GameStop, a prominent specialty retailer in the consumer cyclical sector, reported a market capitalization of $10.3 billion and generated $3.6 billion in revenue over the trailing twelve months. The company offers a diverse product range, encompassing gaming hardware, software, and accessories, and caters to gaming enthusiasts across developed markets through its omnichannel distribution approach.
With a workforce of around 4,000 employees and a profitable record, as evidenced by the $893.3 million net income for the same period, GameStop remains a key player in the gaming retail market.
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