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Wajeeh Khan

GME Stock Jumps as GameStop CEO Ryan Cohen Buys $20 Million Worth of Shares

Ryan Cohen GameStop GME

GameStop (GME) shares pushed higher on Sept. 11 after a regulatory filing confirmed that chief executive Ryan Cohen has expanded his stake in the gaming merchandise retailer. In open-market transactions, Cohen has acquired a total of 1,000,000 company shares for roughly $20.37 million, which translates to a weighted per-share price of about $20.38, the filing revealed.

The disclosure arrives at a time when GME stock is already reclaiming some of its recent losses, currently up some 15% versus its August low.

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