GameStop shares rise as CEO Cohen buys $26.4M in stock

GameStop's Ryan Cohen bought 1.15 million shares, totaling $26.4 million, at $22.76-$23.02 each. He now holds 40.5 million shares. GameStop has a $11.55B market cap, P/E of 15.06, and exchanged $1.4B in notes for stock. Earnings are due September 8, with expected 4.7% movement. Cohen expressed interest in acquiring eBay.

GameStop Corp. (GME) reported that CEO Ryan Cohen purchased 1.15M shares of Class A common stock on September 21, 2026, at an average price of $22.94 per share. This brings his direct holdings to 40.5M shares. The transaction was an open-market or private purchase.

E*Trade, owned by Morgan Stanley, is considering removing Keith Gill, known as 'Roaring Kitty,' over potential stock manipulation concerns related to GameStop (GME). Gill's recent social media posts and substantial GME holdings have driven the stock's price up, with shares rising 21% on June 3. Gill reported gains of $33.6 million in stock and $51.8 million in options.

GameStop (GME) reported Q2 net income of $298.7M, up from $168.6M YoY, despite revenue falling to $790.2M. Collectibles revenue surged 57% to $356.3M, boosting gross margin to 43.7%. The company raised its full-year adjusted EBITDA outlook to over $650M and reduced long-term debt to $2.8B.

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.