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GameStop shares rise 4% as CEO Ryan Cohen buys 1.15M more shares at higher price.

Market News
22 Sep 2026
24/7 Wall Street
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Bullish
GameStop shares rise 4% as CEO Ryan Cohen buys 1.15M more shares at higher price.

GameStop's CEO Ryan Cohen purchased an additional 1.15 million shares at an average price of $22.94, increasing his total holdings to over 40 million shares. Despite this significant insider buying, the stock rose only 4%, suggesting the market views the purchases as a support floor rather than a catalyst for a breakout. The stock has already gained 30% in the past month, largely driven by insider accumulation. Investors are advised to watch for upcoming company updates, especially regarding GameStop's $4.9 billion eBay stake and potential partnership moves, which could influence the stock's future direction.

GameStop's market cap stands at $11.48 billion as of Sep 22, 2026, 20:02 WIB, with a daily price increase of 3.47% on Pluang. Trading volume reached 9,081,624 shares, reflecting active market participation despite a majority of orders being sell at 78%. The typical hold time on Pluang is 61 days, indicating moderate investor confidence in the stock's medium-term prospects.

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