TLDR
- CEO Ryan Cohen bought 1,000,000 GME stock at a weighted average price of $20.38, totaling $20.3 million on September 10, 2026.
- Following the purchase, Cohen now directly holds 39,347,842 GameStop stock.
- Director James Grube also bought 10,255 stock for around $196,000 on September 9, 2026.
- GameStop’s net income jumped 77% in Q2, with revenue also rising.
- GameStop recently agreed to exchange approximately $1.4 billion in convertible notes for Class A common stock.
Ryan Cohen isn’t just talking up GameStop. He’s putting real money behind it.
The CEO, President, and Chairman of GameStop Corp. (GME) purchased 1,000,000 stock on September 10, 2026, at a weighted average price of $20.38 per stock. The total transaction came to $20,375,900. Individual prices ranged from $20.02 to $20.47.
GME was trading at $20.39 at the time of the purchase, right in line with InvestingPro’s Fair Value estimate of $20.04.
Following the transaction, Cohen now directly holds 39,347,842 GameStop stock. That’s a substantial stake for a CEO already known for his deep involvement in the company.
Cohen wasn’t the only insider buying. A day earlier, on September 9, director James Grube purchased 10,255 stock at a weighted average price of $19.12, spending around $196,000. After the transaction, Grube holds 39,694 stock valued at roughly $789,513 based on the September 9 closing price of $19.89.
Grube’s purchase increased his direct holdings by 35% in one transaction.
Why Insider Buying Matters
Insiders sell stock for many reasons. They buy for one: they think the price is going up.
That’s the simple logic behind watching insider transactions. Studies have shown that insider purchases tend to predict higher prices in the 30 days that follow.
Both Cohen and Grube buying within days of each other adds weight to that signal.
GameStop’s Recent Business Performance
The fundamentals are backing up the bullishness. GameStop reported a 77% jump in net income in Q2, alongside a rise in overall revenue. The company carries more cash than debt on its balance sheet and holds a “GREAT” financial health score of 3.05 on InvestingPro. Its P/E ratio sits at 13.36 with a market cap of around $10.29 billion and trailing twelve-month revenue of $3.6 billion.
The company’s push into trading cards and collectibles alongside its core gaming business has been a contributor to that improved performance.
GameStop also recently agreed to exchange approximately $1.4 billion in convertible senior notes for Class A common stock. That includes $400 million in notes due 2030 and $1 billion due 2032.
Shareholders approved an increase in authorized Class A stock at the 2026 Annual Meeting, with 68.7% of votes in favor. That authorization is connected to the company’s proposed acquisition of eBay Inc. (EBAY).
Cohen has been publicly pushing for that deal, criticizing eBay executives for avoiding direct negotiations with GameStop.
GameStop has also partnered with Uber Technologies to offer product delivery via Uber Eats, covering video games, consoles, and accessories from locations nationwide.
GME stock has traded between $17.79 and $28.10 over the past 52 weeks.
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