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 action suggests Cohen's conviction in the company's turnaround, even as he called his initial investment a mistake. The stock was near its 52-week high, raising risks for Cohen's new shares if prices fall. Investors should watch for GameStop's upcoming 8-K filing regarding its proposed eBay acquisition, which could dilute Cohen's stake if paid partly in stock.
Ryan Cohen's unusual move to buy GameStop shares while advising investors to bet against the stock contrasts with current market behavior on Pluang. As of Oct 14, 2026 21:51 WIB, GameStop trades at USD 27.87, up 2.39% in one day, yet Pluang order activity shows 100% sell interest. Meanwhile, eBay, the company GameStop plans to acquire, is priced at USD 117.51 with a 0.94% daily gain and a market cap of $51.80 billion, showing mixed investor sentiment ahead of the acquisition news.
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...
