GameStop Chairman Ryan Cohen Expands Stake with Back-to-Back Share Purchases
GameStop Chairman Ryan Cohen has significantly bolstered his position in the company, purchasing 500,000 shares at $21.60 each on January 21—just one day after acquiring another 500,000 shares at $21.12. These open-market transactions, executed with personal funds, elevate Cohen's total holdings to 42.1 million shares, representing a 9.3% stake in the video game retailer.
The buying spree coincided with a 4.75% after-hours surge in GameStop's stock, extending a 2.8% gain during regular trading. Board Director Alain Attal mirrored the bullish sentiment, acquiring 12,000 shares worth approximately $260,000. Cohen's aggressive accumulation underscores his belief that executives should invest personal capital to align with shareholder interests—a philosophy that continues to resonate with market participants.
