GameStop rises as CEO buys another $10.5 million of stock
GME•GameStop CEO Ryan Cohen disclosed buying 447,000 shares for about $10.56 million, at prices between $23.4499 and $23.4753 per share. GameStop shares rose 1.7% in premarket trading.
1. Cohen buys shares
Ryan Cohen disclosed purchasing 447,000 shares of GameStop Class A stock for about $10.56 million, according to an SEC filing. The purchases were made at prices between $23.4499 and $23.4753 per share, and Cohen's direct holdings now total 40.95 million shares, or an 8.12% stake.
2. Recent purchases and bid
Earlier this month, Cohen bought 1.15 million shares worth $26.4 million and an additional 1 million shares. In August, GameStop made a non-binding $55.5 billion, or $125-per-share, bid for eBay that eBay's board rejected.
