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Barchart
Anushka Dutta

GameStop Stock Just Got a $10.6 Million Catalyst

GameStop GME Ryan Cohen eBay

GameStop (GME) CEO Ryan Cohen once again increased his stake in the business by buying $10.6 million worth of GME shares. A regulatory filing showed that Cohen acquired 450,000 Class A common shares. The transactions were executed in two blocks: one of 446,500 shares at a weighted-average price of $23.4753 and an additional 3,500 shares at $23.4499 per share.

This purchase comes after Cohen already made two big-budget buys in GameStop stock. First, he purchased 1 million shares for $20.3 million. Next, he purchased 1.15 million GME shares for $26.4 million.

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