Whale Tracker (@whale_tracker)
GameStop CEO Ryan Cohen buys another $26.4M of shares
GameStop CEO Ryan Cohen has purchased an additional 1.15 million $GME shares at an average price of $22.94, representing an investment of approximately $26.4 million.
The purchase increases Cohen's direct holdings to roughly 40.5 million shares. Including warrants, he now beneficially owns approximately 44.2 million shares, equivalent to about 8.7% of GameStop.
The insider purchase represents a significant increase in Cohen's exposure to the company, although insider buying alone does not determine future share-price performance.