GameStop climbs after CEO Ryan Cohen discloses 1 mln share purchase

GameStop

11/09/2026 13:25

** GameStop's GME.N shares up 4.3% at $21.27 premarket on Fri after CEO Ryan Cohen increases his stake in video game and collectibles retailer
** Cohen on Thurs bought 1 mln shares in multiple transactions at an avg weighted price of about $20.38, per a regulatory filing
** Purchase increased Cohen's holdings to ~39.35 mln shares, a stake worth around $802 mln based on stock's last close
** Including shares underlying warrants, Cohen directly beneficially owned ~43.1 mln shares, ~8.5% of GME's ~504.5 mln shares outstanding
** On Tues, GME reported Q2 net sales fell yr/yr to $790.2 mln, from $972.2 mln a yr ago, driven by planned store closures and divestiture of its France operations
** Co, which has been pursuing a high-profile takeover of the much larger eBay EBAY.O, said it held approx 43.4 mln EBAY stock valued at approx $4.9 bln as of Aug 1
** GME stock up 1.5% YTD through Thurs, following 36% decline in 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))