GameStop's stock rose 4% after CEO Ryan Cohen purchased one million shares in the open market, signaling strong insider confidence. This move stands out as the broader gaming sector, including Take-Two and Roblox, showed little change. Despite a 19% drop in sales, GameStop reported record operating income and raised its EBITDA forecast, driven by collectibles and cost discipline rather than game sales growth. Investors will watch if this insider buying trend continues and how the stock holds its gains amid ongoing challenges.
On October 13, 2026, Ryan Cohen, GameStop's CEO and board chair, made discretionary open-market purchases of 844,130 shares worth $22.8 million, despite publicly advising investors to bet against GameStop on a podcast the same day. This contradictory...
GameStop's CEO Ryan Cohen made significant insider purchases, acquiring over 67,000 shares at $26.75 and accumulating about 41.7 million shares in total. These buys, including $27.7 million worth of shares in September and October, helped drive a 35%...
Take-Two Interactive's stock fell 5% following Wells Fargo's reduction of near-term earnings and bookings estimates due to weaker performance in its basketball franchise and mobile business. Despite this, Wells Fargo maintained an Overweight rating a...
GameStop remains a recommended buy due to strong leadership, a growing collectibles segment now making up 45% of revenue with 57% year-over-year growth, and solid cash reserves enabling potential acquisitions. Despite a drop in headline revenue cause...
