Corrected: BUZZ-GameStop gains after CEO buys shares worth nearly $23 million

GameStop

14/10/2026 09:56

Corrects 6th bullet to say Bloomberg reported in August, not in May
   ** Video game retailer GameStop GME.N shares rise 1.87% to $27.73 premarket
** Co's CEO Ryan Cohen buys shares worth $22.8 mln, raising his stake to 9.1% - SEC filing
** Cohen purchases 844,130 shares at $26.75 to $27 each 
** This marks Cohen's second stock purchase this month, following a $17.1 million buy on Oct. 2 - SEC filing
** GME had made a $55.5 billion bid for eBay EBAY.O in May, valued at $125 per share, which was turned down by eBay
** Bloomberg in August reported that Cohen was weighing alternatives to the eBay takeover, including a partnership or joint venture 
** As of last close, GME stock hovering near a one-year high, and up over 35% YTD

 (Reporting by Jayasree Prabhu)
 ((jayasree.prabhu@thomsonreuters.com))