GameStop CEO Ryan Cohen Buys Shares

GameStop shares jumped after regulatory filings revealed that CEO Ryan Cohen purchased 1,000,000 Class A common shares in the open market. Cohen completed the trades on 10 September 2026 at a weighted average price of $20.3759 per share, with execution prices ranging from $20.0199 to $20.4699. The purchase amounted to a total capital outlay of $20,375,900.00.

Following the transaction, Cohen directly holds 39,347,842 shares. Including warrants, his total beneficial ownership reaches 43,100,000 shares, representing 8.5% of the company's outstanding common stock.

Several GameStop directors also bought shares earlier that week. On 8 September 2026, Director Lawrence Cheng acquired 55,000 shares through Cheng Capital LLC at a weighted average price of $18.7992 per share, spending $1,033,956 and increasing his indirect holdings to 143,000 shares. On 9 September 2026, Director James Grube purchased 10,255 shares at an average price of $19.12 per share for $196,076, lifting his direct stake to 39,694 shares. On 10 September 2026, Director Alain Attal bought 5,000 shares at $20.00 each for a total outlay of $100,000, bringing his direct holdings to 601,464 shares.

The insider buying followed GameStop's second-quarter financial results. For the second quarter of fiscal 2026, the company posted net sales of $790.2 million, down from $972.2 million in the prior-year period. Collectibles generated $356.3 million in sales. GameStop reported operating income of $160.2 million and net income of $298.7 million, ending the period with $5.4 billion in cash and cash equivalents. Management also raised its minimum full-year adjusted EBITDA forecast to $650 million.