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GameStop climbs as CEO Ryan Cohen buys another $17 million of stock

By Reuters News21:19 (UTC), 2 October 2026 Updated

** Videogame retailer GameStop GME.N rises 1.6% to $25.10 in extended trading

** CEO Ryan Cohen bought $17 million worth GME stock on Friday, according to a SEC filing

** Cohen's direct holdings now stand at ~41.65 million, representing slightly over 8% stake in GME

** He had bought about $57 million worth of GME stock in September, according to data compiled by LSEG

** Buybacks and insider buying are the strongest signals companies can send to the market, analysts have said

** In August, GameStop made a non-binding $55.5 billion ($125/share) bid to acquire eBay, but eBay's EBAY.O board rejected the offer

** As of last close, GME stock up 23% YTD

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