TLDR
- GameStop Chairman Ryan Cohen purchased 500,000 shares on January 21, 2026, at a weighted average price of $21.60 per share, following another 500,000 share purchase the day before.
- Cohen’s total stake increased to approximately 42.1 million shares, representing about 9.3% of GameStop’s outstanding shares.
- Director Alain Attal also purchased 12,000 shares at $21.63 per share on January 21, totaling $259,576.
- GameStop stock rose 4.75% in after-hours trading and gained 2.8% during the regular session following Cohen’s disclosure.
- Cohen stated in the filing that public company CEOs should purchase shares with personal funds to align their interests with stockholders.
GameStop shares climbed 4.75% in after-hours trading on Wednesday. The move came after Chairman Ryan Cohen filed paperwork showing another major purchase.
Cohen bought 500,000 shares on January 21, 2026. He paid an average price of $21.60 per share. This marked his second consecutive day of buying.
The day before, Cohen had purchased another 500,000 shares at $21.12 per share. Both transactions used his personal funds through open market purchases.
Cohen’s buying spree pushed his total holdings to approximately 42.1 million shares. That represents about 9.3% of GameStop’s outstanding shares.
His stake includes 38.3 million directly owned shares. Another 3.7 million shares come from warrants received through a dividend distribution.
The chairman now has about $128.2 million invested in directly owned shares. This figure excludes brokerage commissions.
Leadership Alignment With Shareholders
Cohen made his views clear in the regulatory filing. He believes public company CEOs should buy shares with their own money.
The chairman went further with his stance. He stated that executives who don’t make personal investments “should be terminated.”
Cohen maintains sole voting and dispositive power over all his shares. The filing with the Securities and Exchange Commission confirmed this control.
Other Insider Activity
Director Alain Attal also made a purchase on January 21. He bought 12,000 shares at a weighted average price of $21.63.
Attal’s purchase totaled $259,576. The prices he paid ranged from $21.56 to $21.65 per share.
Following his transaction, Attal directly owns 596,464 shares. The purchase came on the same day as Cohen’s latest acquisition.
GameStop traded at $21.69 with a market capitalization of $9.73 billion. The stock carries a P/E ratio of 26.24.
The company holds more cash than debt on its balance sheet. Its current ratio stands at 10.39, showing liquid assets far exceed short-term obligations.
GameStop’s year-to-date price performance shows a gain of 5.08%. The stock’s average trading volume sits at nearly 6 million shares.
Cohen also serves as GameStop’s CEO. The company previously announced a performance-based stock option award for him that requires stockholder approval at an upcoming special meeting.
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