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BusinessQuiet 41h · day 3

Cohen buys $26.4M in GameStop stock as CEO builds stake past 40M shares

Ryan Cohen purchased 1.15 million shares on September 21, continuing a week of insider accumulation while pursuing an eBay acquisition.

newest coverage 1d agosummary written 1d ago7 pieces1 likes & upvotes NewswiresHacker News

What to know

  • Cohen spent $26.4 million on 1.15 million GameStop shares on September 21, bringing his direct stake to 40.5 million shares (approximately 9% of the company).
  • The purchase marks his second major buy in 11 days and occurs amid broader insider accumulation by other GameStop directors, signaling internal confidence.
  • Cohen continues pursuing a $55.5 billion acquisition of eBay despite the company's board rejecting his initial proposal; he is now considering a partnership or joint venture instead.
  • The per-share price ($22.94 weighted average) represents a 12% premium over Cohen's buy just 11 days prior, reflecting rising stock valuations.

“No Rule 10b5-1 designation appears on the filing, which indicates Cohen did not execute the purchase through a pre-scheduled trading plan.”

Benzinga (via Quartz) · Quartz ↗ · Sep 21

Ryan CohenRyan Cohen CEO, President, and Chairman of GameStopGameStop Corp. Public retailer attempting major acquisitioneBay Acquisition target and potential partner

Cohen buys $26.4M in GameStop stock as CEO builds stake past 40M shares
Yahoo Finance

How it unfolded 2 developments, newest first · click a bar or a number to jump articles

Peak 2 pieces in one hour at Sep 21, 4 PM; 7 pieces over 3 days (6 articles · 1 post) Sep 21, 4 PM — 2 pieces · 2 articles — Newswires 2Sep 21, 5 PM — quietSep 21, 6 PM — quietSep 21, 7 PM — quietSep 21, 8 PM — quietSep 21, 9 PM — quietSep 21, 10 PM — quietSep 21, 11 PM — 1 piece · 1 article — Newswires 1Sep 22, 12 AM — quietSep 22, 1 AM — quietSep 22, 2 AM — quietSep 22, 3 AM — quietSep 22, 4 AM — quietSep 22, 5 AM — quietSep 22, 6 AM — 2 pieces · 2 articles — Newswires 2Sep 22, 7 AM — quietSep 22, 8 AM — quietSep 22, 9 AM — 1 piece · 1 article — Newswires 1Sep 22, 10 AM — quietSep 22, 11 AM — quietSep 22, 12 PM — 1 piece · 1 post — Hacker News 1Sep 22, 1 PM — quietSep 22, 2 PM — quietSep 22, 3 PM — quietSep 22, 4 PM — quietSep 22, 5 PM — quietSep 22, 6 PM — quietSep 22, 7 PM — quietSep 22, 8 PM — quietSep 22, 9 PM — quietSep 22, 10 PM — quietSep 22, 11 PM — quietYesterday, 12 AM — quietYesterday, 1 AM — quietYesterday, 2 AM — quietYesterday, 3 AM — quietYesterday, 4 AM — quietYesterday, 5 AM — quietYesterday, 6 AM — quietYesterday, 7 AM — quietYesterday, 8 AM — quietYesterday, 9 AM — quietYesterday, 10 AM — quietYesterday, 11 AM — quietYesterday, 12 PM — quietYesterday, 1 PM — quietYesterday, 2 PM — quietYesterday, 3 PM — quietYesterday, 4 PM — quietYesterday, 5 PM — quietYesterday, 6 PM — quietYesterday, 7 PM — quietYesterday, 8 PM — quietYesterday, 9 PM — quietYesterday, 10 PM — quietYesterday, 11 PM — quietToday, 12 AM — quietToday, 1 AM — quietToday, 2 AM — quietToday, 3 AM — quietToday, 4 AM — quietToday, 5 AM — quiet 12
Sep 22yesterdaynow · 6:44 AM ET
  1. background

    Cohen's 40.5M share stake now represents approximately 9% of GameStop — At GameStop's current market capitalization of roughly $10.2 billion, Cohen's direct holdings constitute about 9% of the company's equity.

  2. 2

    Cohen's $26.4M buy represents 12% premium over prior week's purchase price

    The per-share cost on Monday represented a premium of more than 12% compared with the $20.38 average Cohen paid just 11 days before, suggesting rising confidence or urgency in accumulation.

    “The weighted average price across Cohen's transactions was $22.9375 per share, with execution prices ranging from $22.76 to $23.02.”
    — Yahoo Finance · source
  3. 1

    GameStop shares rise 3% in postmarket trading on Cohen buy news

    Stock closed up 0.53% at $22.76 on Monday and rose approximately 3% in postmarket trading following disclosure of Cohen's purchase via Form 4 filing.

    “Ryan Cohen, President, CEO, and Chairman of GameStop Corp., acquired 1,150,680 shares of the company's Class A Common Stock on September 21, 2026.”
    — Investing.com · source
    1. 3 outlets GameStop Rises After CEO Cohen Buys $26.4 Million of Shares

      first by Bloomberg Markets, 2d ago · also Investing.com News, Seeking Alpha

      2 more headlines
  4. background

    Cohen buys $26.4M in GameStop stock, raising stake to 40.5M shares — CEO Ryan Cohen purchased 1,150,680 shares for approximately $26.4 million at prices ranging from $22.76 to $23.02, bringing his direct holdings to 40,498,522 shares. The purchase was not pre-scheduled under Rule 10b5-1.

  5. background

    GameStop directors buy shares in coordinated insider accumulation — Directors Lawrence Cheng, James Grube, and Alain Attal also purchased shares during the same week, signaling confidence in the company.

  6. background

    Cohen purchases 1 million GameStop shares at $20.38 average — Ryan Cohen acquired one million shares at an average price near $20.38, marking the start of a recent insider accumulation pattern.

Also covered reported alongside — the timeline has no entry for these yet

  1. 2 outlets GameStop CEO Ryan Cohen buys $26.4 million of GME stock

    first by Yahoo Finance, 1d ago · also Quartz

    1 more headline