Insider Watch: 3 CEOs Buying Shares

GameStop reported record Q2 operating income of $160.2M, up from $66.4M a year earlier, with collectibles sales surging 57%. CEO Ryan Cohen bought $20.3M in shares, boosting his stake to 39.3M. The company raised its fiscal 2026 adjusted EBITDA guidance to over $650M and reduced debt. GME stock rose 3.5% in premarket trading.

GameStop reported a 19% revenue decline to $790.2M in Q2, but net income rose 77% to $298.7M. Collectibles sales grew 57% to $356.3M, now 45.1% of total sales. Management raised adjusted EBITDA guidance to over $650M. Insider purchases boosted the stock 10% in a week, according to the company.

Costco and Uber Eats have expanded their U.S. partnership to 47 states, covering 600 locations. This follows Costco's 20.9% rise in digital sales last fiscal year. The deal offers cross-membership benefits, including discounts on Uber One and Costco memberships. Costco reports earnings on Sept. 24.

Analyst Daniel Badawi argues investors underestimate Uber's current growth, focusing too much on future robotaxi threats. Uber reported Q2 revenue of $14.2B, up 12% YoY, with delivery and freight revenue growing 28% and 26% respectively. Badawi expects 20%+ growth in the delivery segment and mobility recovery post-UK adjustments.

GameStop (GME) shares rose 4% after-hours following CEO Ryan Cohen's purchase of 1 million shares at an average price of $20.38, totaling $20.4 million. Cohen now holds 39.3 million shares directly. The company reported a record second-quarter operating income of $160.2 million but saw net sales decline. GameStop raised its fiscal 2026 adjusted core profit outlook to over $650 million and completed a $1.4 billion convertible notes exchange.

GameStop (GME) reported Q2 2026 sales of $790.2M, down from $972.2M YoY, but net income rose to $298.7M, with EPS of $0.51. Despite lower sales, higher profitability suggests changes in cost structure or revenue mix. The company paused buybacks under its 2026 program, keeping cash for operations. Analysts have varying fair value estimates for GME, ranging from $30 to $420.69.