GME Pops 2% After-Hours After Ryan Cohen Buys $10.6M Worth Of Shares

• The total value of the transaction comes up to $10.6 million. 
• Last week, Ryan Cohen bought 1.15 million GME shares in multiple transactions priced between $22.76 and $23.02 for roughly $26.4 million. 
• On September 10, he bought 1 million shares at an average of about $20.38, spending $20.4 million. 

GameStop Corp. (GME) share price gained nearly 2% after hours on Tuesday after CEO Ryan Cohen bought over ten million worth of shares, following a similar purchase earlier this month.

According to a filing with the Securities and Exchange Commission, Cohen bought 450,000 shares at $23.48 per share, worth around $10.6 million. After the purchase, Cohen directly owns nearly 41 million shares of the company.

Cohen’s Recent Buy-Ins

These acquisitions extend a series of direct stock purchases Cohen has executed throughout the year. On September 21, he bought 1.15 million shares in multiple transactions priced between $22.76 and $23.02 for roughly $26.4 million. 

On September 10, he acquired 1 million shares at an average price of $20.38 per share, totaling $20.4 million. Earlier, in January, he picked up an additional 1 million shares at around $21.36.

In aggregate, his 2026 buy-ins have expanded his position by over 3.6 million shares. Recent regulatory filings indicate he has made no stock sales. Factoring in additional shares purchasable via corporate warrants, Cohen’s overall ownership now represents roughly 8.8% of GameStop.

GME’s Q2 Earnings Show Sales Pressure 

In its recent Q2 2026 earnings report, GameStop delivered strong bottom-line growth despite ongoing topline headwinds. Net sales fell 19% year-over-year to $790.2 million, impacted by lower hardware and software demand, but net income jumped 77% to $298.7 million.

Profitability was driven by aggressive overhead reduction, rapid growth in its high-margin collectibles and trading cards segment, and substantial non-operating investment gains from its ~43.4 million-share position in eBay.

GME Stock: Retail View 

Retail sentiment on Stocktwits was ‘bullish’ with ‘high’ message volumes. 

GME stock has gained about 13% year-to-date. 

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