Ryan Cohen, the billionaire President, CEO and Chairman of GameStop Corp, purchased 1.0 million shares of the company for $20.4 million, according to an SEC Form 4 filing. The shares were acquired in multiple transactions at prices ranging from $20.0199 to $20.4699 per share, for a weighted average cost of $20.38. The purchase raised Cohen's total direct holdings to 39,347,842 shares from 38,347,842 shares, a stake valued at $802.3 million based on the Sept. 10, 2026 market close of $20.39. Total insider ownership of GameStop now stands at 9%, with Cohen remaining a primary holder of the outstanding equity. The company recently reported a 77% jump in second-quarter net income, with a large increase in overall revenue as well.
GameStop Corp.Chairman/CEO Ryan Cohen bought 1 million shares for $20.4 million, an insider purchase signaling confidence
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