GameStop president, CEO and chairman Ryan Cohen buys $22.7m in shares

GameStop president, CEO, and chairman Ryan Cohen made a significant move by purchasing $22.7 million worth of the company's Class A Common Stock on October 13, 2026. Through this acquisition, Cohen bought 844,130 shares, with prices fluctuating between $26.75 and $27.00 per share. This purchase followed GameStop's near-52-week high of $27.53, which has delivered a 35.6% return year-to-date.

Cohen now holds a total of 42,492,652 shares, representing nearly one-third of the company's outstanding shares. GameStop's market capitalization stands at $13.73 billion, with a P/E ratio of 18.01. Despite analysts rating the company as overvalued, GameStop has a 'GREAT' Financial Health score according to InvestingPro. The stock exchange also noted several other developments within the company, including a major financial move where convertible senior notes were exchanged for shares, and the CEO's recent acquisition of $26.4 million worth of shares.

Yorkville Ives recently gave GameStop an "outperform" rating with a price target of $32.00. Meanwhile, Cohen suggested a potential acquisition of eBay, a move that has caused a stir in eBay's stock market. Investors are also eagerly awaiting GameStop's earnings release on September 8, with options data hinting at a potential 4.7% movement in the stock. This report utilized AI assistance but was reviewed by a human editor for accuracy.