On the same day Ryan Cohen went on a podcast and told listeners to bet against GameStop, he was quietly signing off on a very different kind of statement with the SEC.
CEO Ryan Cohen buys 844,000 shares in the videogame retailer, meaning he now owns more than 42 million overall.
GameStop remains a 'Buy,' driven by strong leadership, a growing collectibles segment, and robust cash reserves supporting potential acquisitions. GME's Q2 adjusted EBITDA margin surged to 22% on a 130% y/y increase, despite headline revenue declines from strategic market exits and tough comps. Collectibles now comprise 45% of revenue, growing 57% y/y, and management's profit focus is evident in SG&A cuts and raised FY26 EBITDA guidance to at least $650 million.
GameStop (NYSE:GME | GME Price Prediction) shares are at $26.41, up 4% in afternoon trading, running ahead of the rest of the video game group.
Shares of GameStop (NYSE:GME | GME Price Prediction) are pushing higher against a softer gaming sector, extending a month-long rally as the company's warrant deadline approaches. GameStop stock is at $25.47, up 4% in afternoon trading.
Insiders at GameStop (NYSE:GME | GME Price Prediction) spent the past month buying the company's shares on the open market, and the filings recorded no sales at all. GameStop stock trades at $25.
A volleyball referee in Louisville spent over a year losing money on GameStop options before a single month in early 2021 changed everything.
Ryan Cohen has been paying a higher price for GameStop shares with every single purchase this September, and three directors followed him in doing the same. What the insiders know, and what could prove them wrong, sits inside the filings.
GameStop (NYSE:GME | GME Price Prediction) stock popped 4% to $24.79 on Wednesday, extending recent gains driven by Chairman and CEO Ryan Cohen's continued open-market share purchases. Take-Two Interactive Software (NASDAQ:TTWO) shares advanced 3% to $209.
While many of the largest American technology companies have seen substantial selling by their executives, GameStop (NYSE: GME), one of the most popular meme stock firms, witnessed its insiders move in the opposite direction in September.
A single name has pulled well ahead of the gaming group, and GameStop (NYSE:GME | GME Price Prediction) now presents investors with a familiar dilemma: lock in gains or add more.
Chief executive Ryan Cohen disclosed a $26 million purchase of GameStop (NYSE:GME | GME Price Prediction) shares in a regulatory filing earlier this week, putting his own money behind the retailer at recent levels.