GameStop CEO Ryan Cohen Purchases One Million Shares; Stock Rises
Ryan Cohen, the CEO of GameStop (GME), purchased one million shares of class A common stock for approximately $20.3 million on Thursday, as disclosed in an SEC filing. The move coincided with a rise in GameStop's share price by around 4% early Friday afternoon according to MarketSurge. Cohen now directly owns 39.3 million shares of the company following this transaction. His purchase is seen as a sign of confidence in the retailer’s future performance and strategy, which may influence investor sentiment positively.
Tickers: $GME
Topics: CEO Activity GameStop Share Ownership