Two CEOs Make Discretionary Stock Purchases in Their Own Companies
On September 10, 2026, Ryan Cohen and Dara Khosrowshahi each made discretionary open-market purchases of their own company's stock. Cohen bought $20 million worth of GameStop (GME) shares while Khosrowshahi spent approximately $10 million on Uber Technologies (UBER). These transactions were reported via SEC Form 4 under transaction code P, indicating no routine explanation such as tax withholding or diversification plans. Cohen's purchase came amid strong performance in collectibles revenue at GameStop, which rose 57% year-over-year to $356.3 million and led the company to raise its adjusted EBITDA guidance for FY2026. Khosrowshahi’s buy-in occurred as Uber faced a drawdown with shares down over one month but still showing strong five-year gains of nearly 80%. Analysts remain optimistic about UBER, citing Q2 gross bookings growth and positive EPS forecasts. Both purchases signal confidence in their respective companies' fundamentals. While GameStop's stock has seen recent volatility, Uber is trading below its consensus analyst target price.
