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Ryan Cohen and GameStop directors keep buying shares at rising prices, signaling strong insider confidence.

Market News
01 Oct 2026
24/7 Wall Street
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Bullish
Ryan Cohen and GameStop directors keep buying shares at rising prices, signaling strong insider confidence.

GameStop CEO Ryan Cohen and three company directors have been buying shares throughout September 2026 at progressively higher prices, showing strong insider confidence in the stock. Cohen purchased over 1.6 million shares in late September alone, with no indication these were pre-planned trades, signaling deliberate buying decisions. This insider buying follows strong quarterly results, including revenue beating estimates and significant growth in collectibles sales. Despite recent gains, GameStop shares remain down nearly 44% over five years, making these purchases a notable vote of confidence. Investors should watch for any changes in earnings outlook or insider selling that could challenge this bullish stance.

GameStop shares trade at USD 24.38 on Pluang as of Oct 01, 2026 20:51 WIB, down 1.10% on the day. The stock's market cap stands at $12.44 billion, with a 52-week high of $27.69 and a low of $17.87. Despite insider buying reported in the news, Pluang order activity shows a nearly balanced sentiment with 51% selling and 49% buying, and a typical hold time of 61 days.

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