GameStop gains after CEO buys shares worth nearly $23 million

By Reuters News

** Video game retailer GameStop GME.N shares rise 1.87% to $27.73 premarket

** Co's CEO Ryan Cohen buys shares worth $22.8 mln, raising his stake to 9.1% - SEC filing

** Cohen purchases 844,130 shares at $26.75 to $27 each

** This marks Cohen's second stock purchase this month, following a $17.1 million buy on Oct. 2 - SEC filing

** GME had made a $55.5 billion bid for eBay EBAY.O in May, valued at $125 per share, which was turned down by eBay

** Bloomberg in the same month reported that Cohen was weighing alternatives to the eBay takeover, including a partnership or joint venture

** As of last close, GME stock hovering near a one-year high, and up over 35% YTD

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