GameStop CEO Ryan Cohen buys $26.4M in company shares
On September 21, GameStop (GME) CEO Ryan Cohen purchased over a million shares of the company at an average price of $22.9375 per share, totaling approximately $26.4 million. The purchase was disclosed via a filing and led to a 3.2% increase in GME's stock during extended trading on Monday. Cohen’s significant investment is seen as a vote of confidence in the company amid ongoing market volatility for retailers like GameStop. This move may signal optimism about future performance or strategic initiatives, potentially influencing investor sentiment positively.
Tickers: $GME
Topics: insider buying stock price movement