Analyst’s Disclosure: I/we have a beneficial long position in the shares of EBAY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock, you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
In the latest trading session, GameStop (GME - Free Report) closed at $26.44, marking a -1.38% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq added 1.11%.
The stock of video game retailer has risen by 18.42% in the past month, leading the Consumer Discretionary sector's gain of 0.85% and the S&P 500's gain of 1.46%.
Analysts and investors alike will be keeping a close eye on the performance of GameStop in its upcoming earnings disclosure. In that report, analysts expect GameStop to post earnings of $0.2 per share. This would mark a year-over-year decline of 16.67%. Alongside, our most recent consensus estimate is anticipating revenue of $722.5 million, indicating a 12% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.09 per share and a revenue of $3.36 billion, indicating changes of -7.63% and -7.33%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for GameStop. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. As of now, GameStop holds a Zacks Rank of #3 (Hold).
In the context of valuation, GameStop is at present trading with a Forward P/E ratio of 24.6. For comparison, its industry has an average Forward P/E of 14.79, which means GameStop is trading at a premium to the group.
The Gaming industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
GRAPEVINE, Texas--(BUSINESS WIRE)--GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today reminds holders that its warrants to purchase shares of Class A common stock (“Common Stock”) will expire at 5:00 p.m., New York City time, on October 30, 2026. Each warrant is exercisable for one share of Common Stock at an exercise price of $32.00 in cash. Warrants not exercised by that time will expire worthless. In connection with the foregoing expiration, the warrants will cease trading under.
On the same day Ryan Cohen went on a podcast and told listeners to bet against GameStop, he was quietly signing off on a very different kind of statement with the SEC.
GameStop‘s (NYSE:GME | GME Price Prediction) president, CEO, and board chair, Ryan Cohen, filed a Form 4 on October 13, 2026. It reported two open-market purchases of GameStop Class A stock made that same day: 844,130 shares worth $22.8 million. Also on October 13, The Pomp Podcast published an episode with Cohen as the named guest. On the episode, he called his GameStop investment a mistake and told the audience to “Bet against us.”
The stock barely responded. GameStop opened at $27.71 on October 14.
Inside the Form 4: Two Purchases With No Trading Plan Behind Them
Both trades carry transaction code P, which means an open-market purchase. Cohen bought 67,130 shares at $26.75 and 777,000 shares at $27.00. After the trades, he held 42,492,652 shares directly. Table II, the section where warrants and other derivatives would show up, is empty.
Cohen left one box on the form unchecked. Insiders check it when a trade runs under a pre-arranged plan (a Rule 10b5-1 plan), which schedules purchases months ahead and gives the insider a legal defense against trading-on-inside-information claims. The box is blank, so these were discretionary purchases. A planned trade can reflect a decision made months earlier in a different market. A discretionary one shows what Cohen chose to do at these prices, on that day.
Mistake at Entry, Conviction Now
On The Pomp Podcast, Cohen said, “Investing in GameStop was a screw up.” He also said that “when you’re in a position where there’s no exit hatch, that’s when greatness is achieved.” Asked about his legacy, he answered: “Turning around GameStop.”
One reading is plain regret about how he got into the company. The second reading is a contrarian joke from someone who sees himself as stuck with GameStop yet committed to it. The filing supports the second reading. Someone who regrets a position does not add $22.8 million to it at their own discretion.
Paying Up After a Big Run Brings Its Own Risks
Cohen bought into strength, near the stock’s 52-week high. Shares rose 13.2% over the past week, 28.7% over the past month, and 38.6% year to date. Over five years, they are still down 39.5%. BeInCrypto, via Yahoo Finance, counts $97 million in reported purchases since September 10, with the first purchase priced at about $20. It also puts his holding at 46.2 million shares, or roughly 9.1% of the company, including warrants. This figure differs from the direct holding reported on the Form 4.
Dilution is the weak spot. BeInCrypto reports that an August debt-for-stock swap added about 55.5 million new shares, roughly 12% of the count at the time. GameStop also lists its proposed acquisition of eBay (NASDAQ:EBAY) as an execution risk. If a renewed eBay bid used cash and stock, it would dilute the stake Cohen is building.
Should Shareholders Give More Weight to the Filing or the Podcast?
The filing, a sworn SEC disclosure of a discretionary $22.8 million purchase, says more than a joke made on a podcast. What it shows is Cohen’s conviction, though, and that is no guarantee of returns. The trigger to check is GameStop’s next 8-K on eBay. If it involves paying partly in stock, Cohen will be diluting his own position, and his buying looks less like discipline. A close below $26.75 would put his newest shares underwater.
Got $1,000? Before You Buy GME, Read ThisIf you have cash sitting in your account right now, give this two minutes. After more than two decades of helping investors beat the market, our top analysts at 24/7 Wall St. put together a definitive report on the Top 10 Stocks To Buy Today. And GME wasn't one of them.
They combed the entire market. It's not 10 ideas, not 10 stocks everyone is talking about, it's what their research points to as the 10 best stocks to buy right now, and it's free. Read more here and see which stocks made the list -->>
Contact [email protected] for any questions or corrections.
GameStop Corp. (NYSE:GME) is trending Wednesday after a Form 4 filing disclosed that CEO Ryan Cohen bought another 844,130 shares of the company Tuesday, after the market closed.
GameStop Corp (NYSE:GME) shares are trading higher in Tuesday’s after-hours session as CEO Ryan Cohen continues his buying spree.
GameStop shares are testing new highs. What’s driving GME to record levels?
Cohen has disclosed the purchase of 844,130 GameStop shares. The stock was bought in the open market on Tuesday in two separate blocks. Cohen purchased 67,130 shares at $26.75 and another 777,000 shares at $27, bringing his total stake up to approximately 42.49 million shares.
The news adds to a string of recent insider buying from Cohen and GameStop directors. The GameStop CEO purchased approximately 1 million shares on Sept. 10 and another 1.15 million shares on Sept. 21.
Cohen also purchased a block of 450,000 shares on Sept. 29 and then bought another 700,000 shares on Oct. 2. Tuesday’s filing marks the fifth reported purchase from Cohen in just over a month.
Earlier this year, GameStop approved a performance package for Cohen that could have resulted in stock options to purchase approximately 171.5 million shares of GameStop at $20.66 per share. However, the company removed the pay package in a proxy update in June as GameStop focused on a potential acquisition of eBay.
Ranked by Benzinga Edge's Exclusive System
SEE MORE
GME Shares Hit 52-Week HighGME Price Action: GameStop shares were up 2.13% in extended trading Tuesday, hovering around $27.80 at the time of publication, according to Benzinga Pro. The stock is currently trading at new 52-week highs.
Read Next
Image: Shutterstock.com
Market News and Data brought to you by Benzinga APIs
T-REX 2X Long GME Daily Target ETF (BATS:GMEU – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 242,798 shares, a decrease of 56.4% from the September 15th total of 556,744 shares. Based on an average trading volume of 945,509 shares, the short-interest ratio is presently 0.3 days. Approximately 9.0% of the shares of the company are short sold.
T-REX 2X Long GME Daily Target ETF Stock Performance Shares of GMEU stock opened at $10.92 on Tuesday. The company has a 50 day moving average of $6.88 and a 200-day moving average of $8.33. T-REX 2X Long GME Daily Target ETF has a 12-month low of $4.97 and a 12-month high of $13.99.
T-REX 2X Long GME Daily Target ETF Company Profile (Get Free Report)
The T-REX 2X Long GME Daily Target ETF (GMEU) is an exchange-traded fund that is based on the GameStop Corp. Class A index. The fund aims to provide 2x leveraged exposure to the daily price movement of GameStop Corp. stock (NYSE: GME), less fees and expenses. GMEU was launched on Apr 24, 2025 and is issued by Tuttle Capital Management. See Also Five stocks we like better than T-REX 2X Long GME Daily Target ETF Salesforce Just Got a Rare Double Upgrade—What Changed? OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit 3 REITs That May Win in a Higher Interest Rate Environment Receive News & Ratings for T-REX 2X Long GME Daily Target ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-REX 2X Long GME Daily Target ETF and related companies with MarketBeat.com's FREE daily email newsletter.
GameStop Corp. (NYSE:GME) shares are rising Monday to a fresh 52-week high. Here’s what you need to know.
GameStop shares are testing new highs. What’s behind GME new highs?
Monday’s trading range of $26.82 to $27.02 clears the old 52-week high of $26.88, set May 1. Over the past year, GameStop has ranged from a low of $17.79. The stock has gained around 27%.
Insider Buying Keeps Investors Interested in GameStopOn Thursday, October 8, GameStop jumped more than 4% while investors digested a run of insider purchases and eyed a looming warrant deadline. The Nasdaq lost 1.59% and the S&P 500 dropped 0.67% that day, so GameStop outpaced the market.
CEO Ryan Cohen spent about $17.1 million on 700,000 shares on October 2, after making several multimillion-dollar purchases in September. Nat Turner, a director, picked up 10,462 shares on October 1, and Lawrence Cheng, another director, bought 55,000 shares in September. Such buying can reflect management’s faith in the company’s long-term path, but it offers no guarantee of future gains.
In October 2025, GameStop issued warrants to eligible shareholders, one per 10 shares owned on the record date. Each warrant gives its holder the right to buy a common share at $32 until it expires October 30. With the stock still under $32, using a warrant costs more than simply buying shares in the market. Warrants still unused on October 30 become worthless, and the nearing cutoff could pull in more trading.
GameStop Stock Presses Into Key ResistanceThe stock last changed hands just below the $27.00 resistance level, with support sitting at $22.50. The rally followed a slide from the May 1 high to the August 20 low of $17.79.
Monday’s gain places shares over their 20-day average of $24.13, 50-day average of $20.98 and 200-day average of $22.36. The 20-day line sits above the 50-day, but the 50-day still trails the 200-day. That combination signals firmer short-term momentum inside a longer-term downtrend.
GME Shares Are ClimbingGME Price Action: GameStop shares were up 1.05% at $26.84 at the time of publication on Monday. The stock is trading near its 52-week high of $26.88, according to Benzinga Pro.
Read Next
Image: JRdes/Shutterstock
Market News and Data brought to you by Benzinga APIs
Analyst’s Disclosure: I/we have a beneficial long position in the shares of GME either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Ryan Cohen has been quietly spending millions of his own money on GameStop stock, and now shares are surging past their gaming sector peers and the broader market. Whether that insider conviction signals something real or just fuels another momentum…
GameStop (NYSE:GME | GME Price Prediction) shares are at $26.41, up 4% in afternoon trading, running ahead of the rest of the video game group. Chief executive Ryan Cohen’s string of open-market purchases keeps insider buying in view, even though those trades came before this advance. The setup puts the retailer at the front of a stronger gaming tape, with its publisher and software peers also in positive territory.
Meanwhile, Take-Two Interactive (NASDAQ:TTWO) stock is at $214.15, up 2%, a step behind the retailer’s gain. Also, Unity Software (NYSE:U) shares are at $46.68, up 2%, rounding out a trio of gaming names in the green. Each of those advances is solid, yet both trail GameStop’s pace.
Across the sector, the VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) is up 2.5%, short of GameStop’s 3.5% gain. For a broad-market reading, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.5%. That leaves GameStop shares beating both the gaming fund and the broad tape.
Insider Buying Frames GameStop’s Run No company announcement, filing, analyst action or scheduled event accounts for GameStop’s move, and no fresh company catalyst was identified. The gaming group is higher as a whole, and GameStop shares are rising faster than it, a pattern that fits a stock long moved by retail interest. It’s a familiar setup for GameStop, whose shares have drawn oversized attention for years.
According to a securities filing, Ryan Cohen bought 450,000 shares for nearly $10.6 million in late September, continuing a run of open-market purchases by company insiders. Those purchases precede this move and form the standing backdrop to GameStop shares. They account for the steady attention on the stock while sitting in the background of the latest gain.
A Retailer Inside a Software-Driven Group GameStop sells video games and collectibles through physical stores, so it sits in the sector as a merchant of products other companies make. Take-Two publishes titles and earns on those releases and on recurring in-game spending. Unity licenses the engine and development tools studios build games on.
The bull case holds that continued open-market buying by GameStop’s own chief executive is the best signal available from inside a company that reveals little else. Supporters add that the retailer’s balance sheet gives it time to execute. Open-market purchases also involve personal capital, which is why they draw close scrutiny.
Skeptics could counter that flows, more than business results, are driving a gain like this one, and flows can reverse without warning. Sharp advances in GameStop shares have reversed suddenly in the past, which makes the timing of any new exposure a real consideration. A stock beating both its sector fund and the S&P 500 can surrender that edge just as fast.
What to Watch Next Further insider filings could show whether Cohen’s open-market buying continues, and GameStop shareholders can watch for those disclosures as the clearest read on conviction at the top.
Any slowdown in that activity could weaken the bull case, since insider buying is its central pillar. For Take-Two and Unity, release schedules and engagement remain the measures most closely tied to their shares.
Contact [email protected] for any questions or corrections.
The man who predicted the 2008 housing collapse now says stocks are deep in denial, drawing parallels to the months before two historic crashes. Before you act on that warning, consider what happened to investors who trusted his last dozen…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Rising stocks can make caution feel expensive. Sell because trouble looks inevitable, and every subsequent gain becomes a reminder that protecting your money has an opportunity cost. Stay invested, however, and a sudden downturn can erase years of progress. The challenge is separating evidence that stocks are expensive from evidence that they are about to fall.
Those are different judgments, requiring different responses. Historically stretched valuations means elevated prices can threaten future returns without supplying a reliable sell date. For investors building wealth over decades, that matters more than any forecaster’s reputation.
Michael Burry’s Latest Stock Market Warning Michael Burry is sounding the alarm again. The famed “Big Short” investor recently wrote on his Cassandra Unchained X account, “The stock market is quite obviously in its first stage of grief, denial. Per 2000 and 2008, this stage lasts 6-9 months.”
The comparison is ominous, but the statement supplies neither a downside target nor a starting date for that six-to-nine-month clock.
His chosen moniker fits his public role. In Greek mythology, Cassandra could foresee disaster but was cursed to not be believed. The catch: Cassandra’s prophecies were true. But market skepticism alone doesn’t make a forecast correct.
Ignoring the 'Big Short' legend's doom-and-gloom could have netted you 281% gains—here is why the latest 'Cassandra' call might be the most expensive distraction yet. Burry’s Hit-or-Miss Track Record It’s necessary to separate the headline punchline from the performance record. Perpetual futures trading platform Trading Alpha highlighted on X 12 bearish statements or positioning snapshots Burry has made since his famous housing market call back in 2009. Of those dozen times he seemingly forecast a market crash, there were three times stocks suffered conspicuous declines:
2020 pandemic collapse 2022 bear market Late 2023 correction Ben Carlson’s A Wealth of Common Sense blog records maximum calendar-year drawdowns of 33.9%, 25.4%, and 10.3%, respectively. Whether all three were “crashes” stretches the term. Rather, more revealing is Alpha’s reported S&P 500 price gains from Burry’s selected “correct” warnings through Oct. 6.
In August 2019, Burry said “index funds are the new CDOs,” telling Bloomberg at the time that passive investing distorts prices for the stocks and bonds that they are designed to track. He said “the longer it goes on, the worse the crash will be.” That the appearance of the COVID virus tanked the market after those comments hardly credits Burry with calling the decline. Since Burry’s warning, though, the S&P 500 has gained 281%.
In June 2021, Burry predicted the “mother of all crashes,” but he was referring to the hype surrounding crypto and meme stocks at the time, a buying frenzy he actually helped create with his bet on GameStop (NYSE:GME | GME Price Prediction). Yet the market peaked on Jan. 3, 2022 and finally hit bottom in October with a number of sharp rallies along the way after the Federal Reserve began aggressively raising interest rates to contain rapidly rising inflation. Even so, the market has gained 84% since his call.
Finally, in August 2023, the billionaire investor placed big bets against the SPDR S&P 500 ETF (NYSEARCA:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) valued at $1.6 billion. While he might not have made any commentary about a crash, his 13F filing with the SEC at the time spoke volumes. The stock market ultimately suffered a 10% correction, but has since gone on to rise 74%.
Those figures illustrate the cost of selling and never returning, not Burry’s actual trading returns. He could have profited handsomely from his trades. Neither does his warnings prove he anticipated the cause or timing of a subsequent decline — and timing matters to him, too, as he will reduce bearish bets as options lose value over time.
A Warning Is Not an Investment Plan Burry also changes his mind. His own Substack retrospective acknowledges reversing his January 2023 “Sell” message that March. And this past April he went long on Microsoft (NASDAQ:MSFT).
If you try to invest based on one bearish post, you can follow a position its author has already reconsidered.
Key Takeaway I would not lightly dismiss Burry’s warnings; his concerns are often grounded in observable facts. But I also would not treat his predictions or calendar as gospel. Such forecasts are a good time to examine your portfolio, rebalance oversized positions, protect money needed soon, and keep investing long-term funds in diversified holdings. His warning deserves scrutiny. It does not justify abandoning a sound investment plan.
Contact [email protected] for any questions or corrections.
Ryan Cohen and four GameStop directors spent a month buying shares at steadily higher prices, which sounds bullish until you see what that signal actually costs a buyer trying to follow them in now.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Insiders at GameStop (NYSE:GME | GME Price Prediction) spent the past month buying the company’s shares on the open market, and the filings recorded no sales at all. GameStop stock trades at $25.63, up 35% over that stretch, a run that left the rest of the video game industry well behind.
Meanwhile, Take-Two Interactive (NASDAQ:TTWO) stock fell 6% over the month, heading the opposite way from GameStop stock. Roblox (NYSE:RBLX) shares rose 7%, a modest advance by comparison.
Also, the VanEck Video Gaming and eSports ETF (NASDAQ:ESPO), which counts GameStop, Take-Two and Roblox among its holdings, rose 2% over the month. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) gained less than 1%. With both the gaming fund and the broad market barely moving, the rally in GameStop shares rested on the company’s own story.
Cohen and Four Directors Bought Into Strength Securities and Exchange Commission Form 4 filings showed that every insider transaction recorded at GameStop over the past month was an open-market purchase. Ryan Cohen, the company’s chairman, president and chief executive officer, was the largest buyer, and his biggest single purchase in the window was 700,000 shares in early October. Directors Nat Turner, Alain Attal, James Grube and Lawrence Cheng bought alongside him over the same stretch.
Cohen and the directors paid steadily higher prices as the month went on, from below $19 per share in the earliest GameStop trades to above $24 on Cohen’s early October buy. That pattern showed the insiders repeatedly buying into strength as GameStop stock rose. Each purchase locked in a costlier entry than the last, a choice that reflected conviction about the company.
Why Cohen’s Purchases Earn a Qualified No Cohen’s purchases offer only a qualified signal about GameStop. Cluster insider buying with no matching sales was a genuine signal, because Cohen and the directors faced no obligation to act and committed their own money at rising prices.
What the signal leaves out is timing and a price. Form 4 filings disclose insider trades after they happen, and by the time the GameStop filings were public, the move they accompanied had already run a long way. A buyer following the insiders into GameStop stock at $25.63 would spend more per share than Cohen paid on his 700,000-share purchase in early October.
What to Watch Next Shareholders can watch for whether GameStop’s next reported results follow the insider buying, since purchases establish belief and only reported numbers can confirm value, so the company’s own figures may carry more weight than any further Form 4 filing. Strong figures would back the insiders’ read on GameStop, while soft ones could leave the month’s gain exposed.
Investors should adjust their holdings carefully, given that GME stock has already climbed 35% in a single month and traded above the prices insiders paid. Because GameStop stock moved apart from Take-Two, Roblox and the gaming fund, your exposure to the name carries company-specific risk that your broader gaming holdings may not offset.
The insider record gave GameStop a real show of confidence from the people closest to the business. The filings came out after much of the run. Your share positions in GME stock should reflect that the next move will likely depend on what the company reports.
Contact [email protected] for any questions or corrections.
GameStop Corp. (NYSE:GME) is trending Monday after SEC filings showed CEO Ryan Cohen made two separate share purchases in recent days, one disclosed on September 29 and another on October 2.
GameStop shares are showing limited movement. Where is GME stock headed? Two Separate Purchases by CohenA Form 4 filed after the market closed September 29 showed Cohen, who is also the company’s chairman and president, bought 450,000 shares at an average price of $23.48. A second, separate Form 4 filed after the close Friday showed he bought another 700,000 shares at an average price of $24.41. At those average prices, the two purchases total roughly $27.7 million. Both were accompanied by amended Schedule 13D filings.
The purchases follow a 1 million-share buy earlier in September at an average price of about $20.38.
GameStop Trades Above Every Major Moving AverageFrom a trend perspective, GameStop is trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, with the stock about 10.9% above the 20-day SMA and about 12.2% above the 200-day SMA—typically a constructive backdrop for dip-buyers. That said, the longer-term picture still carries some baggage because the 50-day SMA remains below the 200-day SMA, keeping the "death cross" from June in play as an overhead caution flag.
Momentum is leaning more supportive right now: MACD is above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. In plain terms, when MACD is above its signal line, it suggests sellers are losing control and buyers are starting to press again, even if the bigger trend isn’t fully "all clear."
Key Resistance: $25.50 — a nearby ceiling where rebounds can stall, sitting just above the current price and close enough to act as an immediate decision point. Key Support: $21.50 — a nearby floor that lines up closely with the 50-day EMA ($21.55) and the 100-day EMA ($21.54), making it a logical area where buyers may try to defend trend support. Zooming out, the stock is still working inside its 52-week range of $17.79 to $28.10, and it’s currently closer to the upper end than the August low. Traders will generally read a clean push through $25.50 as a step toward re-testing that $28.10 area, while a slip back toward $22–$21.50 would put the moving-average "support stack" to the test.
Read Next
GameStop Shares Trade FlatGME Price Action: At the time of publication, GameStop shares are trading 0.77% higher at $24.89, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
A volleyball referee in Louisville spent over a year losing money on GameStop options before a single month in early 2021 changed everything. What he understood about the stock and what he did when the moment arrived separates his outcome…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
A Louisville Referee Spotted GameStop’s Short Interest Early In 2019, a 45-year-old volleyball referee in Louisville, Kentucky, noticed GameStop (NYSE:GME | GME Price Prediction) carried about 90% short interest, The Ringer reported. He had years of experience trading penny stocks and options.
He bought weekly call options at 5 to 10 cents per contract, according. A call option gives the right to buy a stock at a set price. Weekly calls that cheap expire within days and pay nothing unless the stock rises sharply before then.
Over more than a year, his trades mostly lost money. He was right about short interest but wrong on timing.
Pennies Turned Into the Biggest Trade of His Life In August 2020, Ryan Cohen, co-founder of Chewy (NYSE:CHWY), bought a 10% GameStop stake, and the stock rose from $4 to $10, according to The Ringer. After Cohen’s board appointment on January 11, 2021, McCaskill loaded up, according to The Ringer. On January 13, 2021, a prominent TV host posted about the squeeze potential.
On January 19, 2021, he bought 750 short-term $60 calls, The Ringer reported. In late January 2021, he sold most of his position as the stock neared $347, booking approximately $25 million in profits.
He kept about 2,500 shares, The Ringer reported, hoping to sell them at $1,000. GameStop has never reached that level. Two accounts he opened for his children, ages 4 and 6, each cleared $1.5 million.
Most GameStop Buyers Never Got His Exit This is a survival story. We know McCaskill’s name because his timing worked.
GameStop split its stock 4-for-1 in July 2022, so his sale price can’t be compared with today’s quote. Here are the split-adjusted figures:
Current price: $24.70 (delayed after-hours quote, 4:49 PM ET, October 2, 2026) 1-year: GameStop down 9.26%; S&P 500 up 14.95% 5-year: GameStop down 44.15%; S&P 500 up 77.16% 10-year: GameStop up 354.53%; S&P 500 up 258.34% What To Take From McCaskill’s Story If you keep buying cheap weekly calls, expect to lose money. McCaskill had three things most imitators lacked: years of options experience, conviction to hold through continued losses, and discipline to sell into the spike. That last one is rarest.
He found a specific condition he could measure, kept early positions small enough to survive being early, and took the money when it came. I’d read this more about a story with an unusual result, and less a case for buying options or hunting heavily shorted stocks.
The sizing and exit rules that keep a trade like McCaskill’s from wrecking an account are the whole point of our free speculation playbook, which fences off the fun money with real rules.
Contact [email protected] for any questions or corrections.
Ryan Cohen has been paying a higher price for GameStop shares with every single purchase this September, and three directors followed him in doing the same. What the insiders know, and what could prove them wrong, sits inside the filings.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Insider money at the retailer is bullish, and it is getting more aggressive as the price rises. GameStop (NYSE:GME | GME Price Prediction) President, CEO and Chair Ryan Cohen bought again on September 29, 2026, extending a run of open-market purchases through September. The filing carries no indication that the trades were made under a Rule 10b5-1 trading plan.
A Form 4 is the filing an officer, director, or major holder submits to the U.S. Securities and Exchange Commission (SEC) after trading company stock, and transaction code “P” marks an open-market purchase at current prices. A 10b5-1 plan schedules trades months ahead. Without one, each purchase reflects a discretionary decision made with that day’s price in full view.
Cohen Paid More Every Time He Bought Cohen bought 1,000,000 shares on September 10, 2026, at $20.3759. On September 21, 2026, he added 1,150,680 shares at $22.9375. On September 29, Cohen bought 446,500 shares at $23.4753. He also bought 3,500 shares that day at $23.4499, leaving him with 40,948,522 shares held directly.
Each purchase date came at a higher price than the one before, and averaging up is a stronger conviction signal than buying a dip, because no it-got-cheap explanation exists. The buying followed a second-quarter report showing revenue of $790.2 million against a $756.85 million consensus analyst estimate. Collectibles sales were up 57% to $356.3 million, and gross margin expanded to 43.7% from 29.1%. Anyone following him today pays more, as shares traded at $24.36 in the October 1 premarket, above every price he paid.
Three Directors Bought Alongside Him Director Lawrence Cheng bought 55,000 shares on September 8, 2026, at $18.7992. Director James Grube added 10,255 shares on September 9, 2026, at $19.12. Alain Attal, another director, bought 5,000 shares at $20.00 on September 10, then returned on September 21 for 17,500 shares at $22.969, averaging up just as Cohen did.
Across the quarter, the only insider sale on file was a 3,957-share disposal by General Counsel and Secretary Mark Haymond Robinson on July 6, 2026, at $22.621. A near-unanimous buy side carries far more weight than one executive acting alone.
Shares Have Run Hard, Yet Five-Year Losses Remain The stock has gained 1.9% over the past week, 34.9% over one month from $18.38, and 22.8% year to date. The longer view is harsher: shares are down 9.6% over one year and 43.8% over five years.
Cohen knows the market reads his purchases, so buying his own stock is partly a signaling act. He has also bought repeatedly over many years, making September’s buying consistent behavior rather than a fresh judgment. Insider buying reflects what insiders believe, which is not a guarantee of what the stock will do next.
What Would Prove the Insiders Wrong The fundamentals support the insiders. Adjusted EBITDA rose to $174.0 million from $75.7 million. Management raised its full-year adjusted EBITDA outlook to more than $650 million, and the company holds $4.85 billion in cash and equivalents. Those figures support the insiders’ thesis.
Three developments would falsify the thesis:
A cut to that EBITDA outlook Collectibles growth stalling in the next earnings report A Form 4 with code “S” from Cohen or any September buyer. Also keep an eye on the $32.00 warrants expiring October 30, 2026; with shares below that strike, the potential $1.9 billion in proceeds stays unrealized. The insider signal is reliable, but new buyers enter above every price the board paid.
Contact [email protected] for any questions or corrections.
GameStop Corp. (NYSE:GME) is trading higher Wednesday after a Form 4 filing from late Tuesday disclosed that CEO Ryan Cohen purchased 450,000 shares of the company.
GameStop shares are showing limited movement. What’s next for GME stock? Ryan Cohen Raises GameStop Holdings to 40.9M SharesFollowing the transaction, Cohen now directly owns 40,948,522 shares of GameStop. The purchase adds to a consistent pattern of accumulation over the past year — Cohen has bought a total of 3,600,680 shares and sold none, including a 1 million-share purchase earlier this month at an average price of about $20.38. Director Lawrence Cheng also purchased 55,000 shares on September 8, the day GameStop reported quarterly results.
GameStop Trades Above Every Key Moving AverageAt $24.32, GameStop is trading 12% above its 20-day SMA ($21.70) and 19.4% above its 50-day SMA ($20.35), which tells you the intermediate trend has improved and pullbacks have been getting bought. It’s also 9.4% above the 200-day SMA ($22.22), a level many longer-term traders use as a quick "trend filter."
The moving-average picture is mixed, though: the 20-day SMA is above the 50-day SMA (a bullish near-term alignment), but the 50-day SMA remains below the 200-day SMA following the death cross in June. In plain terms, the shorter-term trend has turned up, but the longer-term backdrop still needs more time (and follow-through) to fully repair.
For momentum, MACD is the cleaner read right now: it’s above its signal line and the histogram is positive, which points to improving upside pressure versus the prior downswing. When MACD is above its signal line, it typically means sellers are losing control and rallies have a better chance of extending—though it’s not a guarantee without a clean push through resistance.
Key Resistance: $25.50 — a nearby pivot area where rebounds can stall, sitting just above the current price and below the 52-week high zone Key Support: $21.00 — a nearby floor that lines up closely with the low-$21 area where multiple moving averages cluster (20-day/100-day region) Read Next
GameStop Shares Edge HigherGME Price Action: At the time of publication, GameStop shares are trading 2.47% higher at $24.35, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
While many of the largest American technology companies have seen substantial selling by their executives, GameStop (NYSE: GME), one of the most popular meme stock firms, witnessed its insiders move in the opposite direction in September.
Receive Signals on SEC-verified Insider Stock Trades
Stocks
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
The most recent such transaction was executed and disclosed on September 29, when the billionaire CEO Ryan Cohen bought 450,000 GME shares, worth a total of $10.5 million at the average purchase price of $23.48.
Notably, GameStop’s chief executive has made multiple such trades since September 10, adding a total of 2.6 million shares worth a combined total of approximately $57 million.
Directors Lawrence Cheng, James Grube, and Alain Attal also participated in insider buying, though at a significantly smaller scale, purchasing roughly $1.7 million in GME between them.
Receive Signals on SEC-verified Insider Stock Trades
Stocks
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
Meanwhile, the uptick in such trading – and reversal since all previous 2026 activity involved selling the equity – came immediately after GameStop published an unexpectedly strong second-quarter (Q2) earnings report.
GameStop stock September rally flips GME green YTD Within the filing, the company unveiled a record-breaking operating income, strong collectibles sales, and a large-scale investment in eBay (NASDAQ: EBAY) – a company Cohen famously attempted to acquire earlier this year.
Overall, the Q2 results sparked something of a renaissance for GME stock, leading to a 25% rally to its latest closing price of $23.76. The move simultaneously flipped GameStop shares back into the green year-to-date (YTD) following two steep drops in May and August.
GameStop stock price performance in 2026. Source: Google Simultaneously, the quarterly filing and subsequent stock market performance led to the firm’s only recent rating by a prominent market analyst.
Specifically, the former hedge fund manager and TV personality, Jim Cramer, effectively issued a ‘Buy’ rating for GameStop stock on September 17, highlighting the company’s profitability and the management’s recovery plan.
Ultimately, the Mad Money host revealed he was ‘willing to say that stock is a buy’ and concluded that GME ‘actually works’ for him.
Featured image via Shutterstock
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
A single name has pulled well ahead of the gaming group, and GameStop (NYSE:GME | GME Price Prediction) now presents investors with a familiar dilemma: lock in gains or add more.
Ryan Cohen just put $26 million of his own money into GameStop shares, yet the stock is sliding hard anyway. The question now is whether that insider conviction holds the monthly rally together or profit takers win the argument.
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Chief executive Ryan Cohen disclosed a $26 million purchase of GameStop (NYSE:GME | GME Price Prediction) shares in a regulatory filing earlier this week, putting his own money behind the retailer at recent levels. GameStop stock is down 8% to $23.11 in morning trading, a drop that still leaves the shares up 29% over the past month.
The VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) is down 0.8%, a much softer dip for a fund that holds GameStop among its gaming names. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.11% to $768, leaving the broad market essentially steady. GameStop stock is falling far harder than both funds, which keeps the pressure centered on its own crowded positioning.
Profit Taking Follows Cohen’s Buy Ryan Cohen’s filing showed he bought roughly 1.1 million GameStop shares, and the stock rose once the disclosure became public. That purchase is several sessions old, which means GameStop shares are trading on how holders handle the gain it produced.
The drop in GameStop stock reflects profit taking after that sustained run. Holders who followed Cohen into the shares are booking part of their gains, and the modest declines in the gaming fund and the S&P 500 fund show that selling hasn’t spread beyond this one name.
GameStop Moves Apart From Its Sector Within the VanEck fund, GameStop shares made up 4.3% of net assets as of June 30, a mid-sized weighting in a portfolio led by larger game publishers. The rest of the portfolio leans on names such as Capcom, Konami and Bandai Namco, and that mix is posting only a softer decline. That gap shows the selling in GameStop stock is specific to the retailer.
The SPDR fund’s slip is far too small to explain a move of this scale in GameStop shares. Crowded positioning in GameStop stock, built during the monthly run, can amplify an unwind once holders start taking profits, and the stock’s own behavior is carrying the loss.
GameStop’s most recent quarterly profit got a lift from its stake in eBay (NASDAQ:EBAY), a holding of roughly 43.4 million shares valued at $4.9 billion. Earlier this year, GameStop made an unsolicited bid for eBay, which eBay rejected. The retailer has also reduced debt by swapping bonds for company stock, a path that avoided paying out cash. eBay stock is up 0.47% to $108.34.
Weighing Cohen’s Signal Against the Pullback The optimistic argument for GameStop begins with who bought the shares. A chief executive putting personal money into the shares at recent levels is the least ambiguous signal an insider can send, and the purchase ties Cohen’s fortunes more closely to those of other holders. GameStop also lists its dependence on Ryan Cohen among its risk factors, emphasizing how central he is to the story.
Timing is the problem for GameStop. The stock has given back part of what it gained on the news, so the signal has been priced and then partly reversed. GameStop’s latest quarterly report also flags the concentration of its investment portfolio in eBay common stock as a risk, tying part of the company’s value to a single outside holding.
Whether the monthly gain in GameStop stock holds without a fresh reason to own the shares is what these figures don’t settle. Cohen’s buy, the eBay position and the debt swaps are all known quantities, and none of them is new information. That leaves GameStop shares leaning on sentiment until the company offers its next update.
What to Watch Next It is worth watching for any new disclosure from GameStop on its eBay stake or on insider buying, since either could give the shares another reason to move. A second purchase from Cohen would reinforce the original signal, while a quiet stretch could let profit taking run further.
Swings of this magnitude in GameStop stock reward discipline. Anyone adding GameStop shares on the drop ought to stay small, and holders already sitting on gains should size their exposure with that volatility in mind. Setting an exit level in advance can keep a sharp reversal from turning into an oversized hit to their portfolio.
Stocks that fall this hard against a steady market can reverse quickly in either direction. For GameStop, the insider purchase confirms conviction at the top of the company, and the next test for the stock is whether its monthly advance lasts without a new catalyst.
Contact [email protected] for any questions or corrections.
Ryan Cohen just wrote a personal check for a million shares of his own struggling company, and three directors bought the same week. When a CEO puts tens of millions of his own money in while quarterly sales crater, the…
Ryan Cohen wrote a personal check for a million shares of his own company. The filing dated September 10, 2026 shows the purchase at $20.3759 per share, and a director bought the same day. The stock settled the most recent session at $24.04, up 5.62%.
GameStop (NYSE:GME | GME Price Prediction) sales keep sliding while a proposed takeover of eBay (NASDAQ:EBAY), a business several times its size, sits on the risk-factor page of the last 8-K. Open-market purchases with personal money are the most informative signal any insider can send. A chief executive writing a check for tens of millions while quarterly revenue falls almost 19% is likely seeing something the market hasn’t priced in yet.
Three directors bought in the same window: Lawrence Cheng, 55,000 shares at $18.7992 on September 8, James Grube, 10,255 at $19.12 on September 9, and Alain Attal, 5,000 at $20.00 on September 10.
Insider sells have a dozen reasons. Insider buys have one. A purchase at a higher price than the last one carries even more information.
GameStop’s eBay Situation The Q2 FY2027 8-K, filed September 8, 2026, discloses approximately 43.4 million shares of eBay common stock valued at approximately $4.9 billion and continues to reference the proposed acquisition of eBay in forward-looking risk factors.
The word that matters is proposed. The bid has never been formally withdrawn, and the company still flags that it may not be completed.
Revenue in the most recent quarter came in at $790.2 million, down 18.7% year over year, yet operating income jumped to $160.2 million, up 141.27%. Gross margin expanded to 43.7% from 29.1%.
Collectibles hit $356.3 million, up 57%, and now make up 45.1% of net sales. Video games fell to $263.2 million from $494.6 million.
However, I’d ignore the headline net income. It was flattered by a $166.3 million derivative gain tied to eBay and dinged by a $75 million loss on digital assets.
Balance Sheet, Guidance, and the Trigger Against a market cap of $12.13 billion, GameStop carries $4.85 billion in cash and a $4.9 billion eBay position. A meaningful share of the equity value sits in marketable securities rather than in store operations.
Management raised the fiscal 2026 Adjusted EBITDA outlook to in excess of $650 million from in excess of $600 million. The trigger is a formal withdrawal of the eBay bid, a definitive agreement, or another Cohen buy at a price above $20.3759.
Bull and Bear Case for GME Stock Bull: a chief executive spending real money on his own stock in a coordinated cluster with directors, a collectibles category growing fast enough to reshape the mix, record operating income for the period, and an investment portfolio no other specialty retailer can match.
Bear: total sales are still falling, the crypto position introduces volatility unrelated to the business, and the eBay bid may quietly evaporate into a passive stake that never becomes a deal.
The deciding variable is whether collectibles growth can outrun the legacy business’s decline before the market decides the eBay stake is just an expensive hedge fund position wrapped in a retailer.
Contact [email protected] for any questions or corrections.
GameStop Corp. (NYSE:GME – Get Free Report) Director Alain Attal purchased 17,500 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of $22.97 per share, for a total transaction of $401,975.00. Following the transaction, the director owned 618,964 shares of the company’s stock, valued at $14,217,603.08. This trade represents a 2.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Alain Attal also recently made the following trade(s):
On Thursday, September 10th, Alain Attal acquired 5,000 shares of GameStop stock. The stock was purchased at an average price of $20.00 per share, with a total value of $100,000.00. GameStop Trading Up 0.8% Shares of GameStop stock opened at $22.82 on Tuesday. The firm has a 50-day simple moving average of $20.05 and a two-hundred day simple moving average of $21.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 8.07 and a current ratio of 8.72. GameStop Corp. has a fifty-two week low of $17.79 and a fifty-two week high of $28.10. The company has a market cap of $11.51 billion, a P/E ratio of 15.01 and a beta of 1.72.
GameStop (NYSE:GME – Get Free Report) last posted its earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The firm had revenue of $790.20 million for the quarter, compared to analysts’ expectations of $756.85 million. During the same period last year, the firm earned $0.31 EPS. The company’s quarterly revenue was down 18.7% on a year-over-year basis. Institutional Investors Weigh In On GameStop Several institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its holdings in shares of GameStop by 805.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock valued at $45,000 after acquiring an additional 2,014 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of GameStop in the second quarter worth approximately $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of GameStop in the fourth quarter worth approximately $54,000. Shenkman Capital Management Inc. purchased a new stake in shares of GameStop during the fourth quarter worth approximately $60,000. Finally, Global Assets Advisory LLC purchased a new stake in shares of GameStop during the first quarter worth approximately $60,000. 29.21% of the stock is currently owned by institutional investors and hedge funds.
Trending Headlines about GameStop Here are the key news stories impacting GameStop this week:
Positive Sentiment: CEO Ryan Cohen purchased 1,150,680 GameStop shares at an average price of $22.94, investing approximately $26.4 million. The purchase increased his stake by 2.92% to 40.5 million shares, a potentially bullish signal that management believes the company is undervalued or has further turnaround potential. Ryan Cohen GameStop insider trading information Positive Sentiment: Jim Cramer said GameStop is a buy, citing its profitability, cash reserves, recent performance and ongoing turnaround efforts. Although the comments were made on September 17, their publication may reinforce bullish sentiment among retail investors. Jim Cramer on GameStop Neutral Sentiment: Speculation that retail trader Keith Gill, known online as “Roaring Kitty,” may be active again helped draw attention to GME. However, the speculation is based on an unverified account and does not represent a confirmed business catalyst. Roaring Kitty GameStop speculation Neutral Sentiment: Broader market futures were higher ahead of an anticipated U.S.-China summit, providing a generally supportive market backdrop but no company-specific fundamental change for GameStop. Market futures and GameStop stocks in focus Negative Sentiment: GameStop’s longer-term investment case remains dependent on executing its turnaround. Quarterly revenue had previously declined year over year, meaning the stock’s current support relies heavily on profitability, cash holdings, insider buying and investor sentiment rather than sustained sales growth. Wall Street Analyst Weigh In GME has been the subject of a number of recent analyst reports. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings reissued a “hold (c)” rating on shares of GameStop in a report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, GameStop has a consensus rating of “Hold”.
View Our Latest Stock Report on GameStop
About GameStop (Get Free Report)
GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.
Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.
Featured Stories Five stocks we like better than GameStop Can Bloom Energy Pop the Top Off AI’s Massive Energy Bottleneck? Coach’s Momentum Powers Tapestry Despite the Stock’s Sharp Pullback AI Is Reshaping SaaS—These 2 Software ETFs Offer Different Ways to Play It Insiders Signal Deep Value In DICK’s Sporting Goods
Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.
Ryan Cohen, the President, CEO and Chairman of GameStop Corp. (GME +5.58%), purchased ~1.2 million shares of common stock on September 21, 2026. SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$26.4 millionShares purchased1,200,000Post-transaction shares (directly held)40,498,522Post-transaction value$921.75 millionTransaction value based on SEC Form 4 weighted average purchase price ($22.94); post-transaction value based on Sept. 21, 2026 market close ($22.76).
Key questionsHow did the execution price compare to the market close?
Cohen purchased the shares at a weighted average price of $22.94, while the stock finished the Sept. 21, 2026 session at $22.76.What is the current scale of the direct equity position?
Following the addition of 1,200,000 shares, the total direct holding stands at 40,498,522 shares, representing 9% of the company's equity.What is the total valuation of the direct stake?
The position is valued at $921.75 million based on the market close on the transaction date.Company OverviewMetricValueShare Price (as of market close 2026-09-21)$22.76Market Capitalization$10.3 billionRevenue (TTM)$3.6 billionNet Income (TTM)$893.3 millionCompany SnapshotGameStop Corp. operates as a specialty retailer offering a comprehensive portfolio of gaming and entertainment products, including new and pre-owned video game consoles, gaming accessories such as controllers and headsets, virtual reality equipment, and gaming software across multiple geographic markets.The company generates revenue through both omnichannel retail operations, including physical store locations and e-commerce platforms, while leveraging its extensive inventory of new and used gaming products to serve price-conscious and enthusiast consumers.GameStop primarily targets gaming enthusiasts, casual gamers, and consumers seeking value through pre-owned gaming products across the United States, Canada, Australia, and Europe through its integrated retail network.GameStop operates as a prominent specialty retailer in the consumer cyclical sector with a market capitalization of $10.3 billion and trailing twelve-month (TTM) revenue of $3.6 billion. The company maintains a diversified product portfolio spanning gaming hardware, software, and accessories, positioning itself as a destination retailer for gaming consumers across multiple developed markets. With approximately 4,000 employees and a strong profitability profile reflected in TTM net income of $893.3 million, GameStop continues to serve the gaming retail market through its omnichannel distribution strategy.
What this transaction means for investorsCohen's sizable buy is a decidedly bullish signal.
Why?
Consider the dynamics of insider buying and selling. There are many reasons an insider may sell shares, some of which have no bearing on their belief in the stock's direction, such as having to pay a large personal expense or diversifying their holdings.
Then consider that there is only one reason an insider buys shares: they believe the stock price will rise.
By that rule of thumb alone, Cohen's purchase of more than $26 million worth of GameStop shares is a bullish signal. That signal is further bolstered by studies showing that, more often than not, an insider purchase predicts a higher share price 30 days later.
After forming and selling pet products platform Chewy Inc (CHWY -4.14%) Cohen joined the board of GameStop in 2021 and took over running the business in 2023. He turned GameStop around to the extent it became the poster child for the meme stock frenzy earlier this decade. Cohen knows the business inside and out.
The business is doing well: net income jumped 77% in the second quarter recently reported, with a large increase in overall revenue as well. The company's recent move to emphasize trading cards and collectibles alongside its video game business is paying off. It is also likely a reason why its unsolicited bid for eBay (EBAY +0.91%)wasn't out of left field.
Cohen's sizable purchase is a sign that the executive continues to believe he has what it takes to keep GameStop a retail success story under his leadership. Insider buying like that probably shouldn't be the only piece of data investors should rely on when making an investment decision, but it's a good piece of information to fold into your investment thesis.
Brendan Coffey has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Chewy and eBay. The Motley Fool has a disclosure policy.
Alain Attal, a member of the Board of Directors at GameStop Corp. (GME +6.28%), acquired 17,500 shares of Class A Common Stock on September 21, 2026, for a total consideration of $402,175, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$402,175Shares purchased17,500Post-transaction shares (directly held)618,964Post-transaction value$14.09 millionTransaction value based on SEC Form 4 weighted average purchase price ($22.97); post-transaction value based on September 21, 2026 market close ($22.76).
Key questionsWhat is the impact of this transaction on the total equity stake?
Attal increased the direct holding of Class A Common Stock by 17,500 shares. This results in a total position of 618,964 shares, representing approximately 0.14% of the company's total shares as of the September 21, 2026 market close.How does the acquisition price relate to recent market levels?
The shares were purchased at $22.97 per share, which compares to a market close price of $22.76 on the date of the transaction. This activity occurred following a one-year total return of -13% for the equity as of September 21, 2026.What financial context supports this equity purchase?
GameStop reported trailing twelve-month revenue of $3.6 billion and net income of $893.3 million. The Grapevine-based specialty retailer operates a diverse network of gaming and entertainment product stores across the United States, Canada, Australia, and Europe.Company OverviewMetricValueShare Price (as of market close 2026-09-21)$22.76Market Capitalization$10.3 billionRevenue (TTM)$3.6 billionNet Income (TTM)$893.3 millionCompany SnapshotGameStop Corp. operates as a specialty retailer offering a comprehensive portfolio of gaming and entertainment products, including new and pre-owned video game consoles, gaming accessories such as controllers and headsets, virtual reality equipment, gaming software, and a collectibles merchandise across multiple geographic markets.The company generates revenue through both omnichannel retail operations, including physical store locations and e-commerce platforms, while leveraging its extensive inventory of new and used products to serve price-conscious and enthusiast consumers.GameStop primarily targets collectors, gaming enthusiasts, casual gamers, and consumers seeking value through pre-owned products across the United States, Canada, Australia, and Europe through its integrated retail network.GameStop Corp. operates as a prominent specialty retailer in the consumer cyclical sector with a market cap of $10.3 billion. The company maintains a diversified product portfolio spanning collectibles, gaming hardware, software, and accessories, positioning itself as a destination retailer for consumers across multiple developed markets. With a strong profitability profile reflected in TTM net income of $893.3 million, GameStop continues to serve the retail market through its omnichannel distribution strategy.
What this transaction means for investorsLead Independent Director Alain Attal's September 21 acquisition of GameStop stock signals a bullish outlook toward shares and a belief that they are undervalued. He possessed ~600,000 directly-held shares before this buy, so he already had a sizable equity stake. This indicates his purchase at a weighted average price of $22.97 was at a level that he considered compelling enough to add to his position.
GameStop stock fell 13% over the trailing twelve months through September 21. Part of the reason for the decline is that the company reported sales of $790.2 million in its fiscal second quarter ended Aug. 1. That's a steep decline from the prior year's $972.2 million. Revenue fell due to store closures and the divestiture of its operations in France.
While its gaming business is in decline, especially as consumers increasingly purchase more digital video games online, GameStop has turned to collectibles. This move has proven a boon as sales in this area reached $356.3 million in fiscal Q2 compared to $227.6 million in the previous year.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Ryan Cohen just bought another million-plus shares of GameStop at a higher price than his purchase two weeks ago, yet the stock is barely moving. That gap between what the CEO is signaling and how the market is responding tells…
Shares of GameStop Corp. (NYSE:GME | GME Price Prediction) are climbing in Tuesday morning trading after Chairman and CEO Ryan Cohen disclosed a second seven-figure open-market purchase inside two weeks. GameStop stock is at $23.69, up 4%, with the bid concentrated in the company’s own name rather than a wider rally. The move builds on a stretch of insider accumulation that has been the most visible piece of the GameStop story this month.
Sector and market backdrops are quiet for the GameStop move. The VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) is at $98.44 and unchanged, while the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is at $774.10, up 0.1%. That mix reads as a company-specific bid for GameStop, not a gaming or broad-market move.
GameStop stock is also up 30% over the past month, so Tuesday’s response is landing on top of a run that already had insider accumulation behind it. The prior move shapes how the reaction should be read, since it frames the day as continuation rather than a fresh breakout.
Cohen Pays Up for a Second Block Ryan Cohen bought 1,150,680 shares of GameStop Class A common stock on Monday at a weighted average of $22.9375, per a regulatory insider-transaction filing. His direct holdings after the purchase stand at 40,498,522 shares, which puts the CEO position among the largest single insider stakes across U.S.-listed names, according to GameStop.
The block extends a clear pattern. Cohen’s prior disclosed GameStop buy on September 10 covered 1,000,000 shares at $20.3759, so Monday’s block was executed at a visibly higher price than the one before it.
Three GameStop directors also added to their positions in the same stretch, layering board-level buying on top of the CEO purchases. For a company that lists dependence on Cohen among its stated risks, that concentration of insider demand at rising prices is the strongest read available on how the best-informed buyer views the current quote.
Why the Response Is Measured The complication for GameStop bulls is that price action has stayed contained against the scale of Cohen’s accumulation. A 4% move on a disclosure this size suggests the market is treating insider buying as a floor rather than a catalyst, and that pattern has held across each of the recent filings.
Nothing in the disclosure establishes a supply-side story. GameStop’s past-month gain is a demand-driven repricing tied to insider accumulation, not a squeeze setup, and that framing caps how far a single filing can carry the stock without follow-through from the business. The company’s next operating update matters more than another insider disclosure.
For the read-through to widen from today’s isolated move, GameStop would need a next data point that speaks to the operating story rather than to the cap table. Until that arrives, filings like Monday’s can defend the floor without lifting the ceiling.
GameStop’s Stake in eBay and Gaming Peers GameStop’s balance sheet carries approximately 43.4 million shares of eBay common stock valued at $4.9 billion, and the company has referenced a proposed acquisition of eBay (NASDAQ:EBAY) in its risk factors. eBay’s board has rejected the standing non-binding proposal, and Cohen has more recently weighed a partnership or joint venture in place of an outright deal.
Within gaming, Take-Two Interactive (NASDAQ:TTWO) is a natural peer read-through on any GameStop-specific move. Take-Two is not participating in the GameStop bid or in the eBay angle, which reinforces the company-specific nature of the reaction and helps explain the flat gaming fund alongside a barely changed broad market.
What to Watch Traders can watch for whether GameStop stock holds its morning gain through the session, since a fade would confirm that the insider filing is being read as a floor rather than a catalyst. A firm close near the day’s highs would put more weight on Cohen’s willingness to pay up for a second million-share block inside two weeks.
Beyond the price action, the eBay overhang is the next real information event for GameStop. Any update on a partnership, joint venture or renewed acquisition approach would reset the framing around the $4.9 billion stake and how GameStop intends to use it.
Given the concentration risks GameStop itself flags, including dependence on Cohen and a large single-name equity investment, investors should size their GameStop exposure to what they can carry through a wide trading range. A cautious position lets shareholders participate in continued insider-led demand without leaning on a squeeze thesis the filings don’t support.
Contact [email protected] for any questions or corrections.
GameStop quietly disclosed a $4.9 billion eBay stake while 59 million warrants sit underwater with weeks until expiration, and whether Ryan Cohen can pull off the biggest retail comeback deal in history may hinge on a single stock price crossing…
GameStop (NYSE:GME | GME Price Prediction) used its second-quarter results release to answer the question two prior 24/7 Wall St. articles left open. GameStop CEO Silent on Mega-Deal as It Beats Earnings, Stockpiles Cash asked whether the balance sheet could actually fund a deal. GameStop’s Next Big Move Could Matter More Than Its Earnings laid out four watch items. The Q2 FY27 8-K filed September 8, 2026, disclosed approximately 43.4 million shares of eBay (NASDAQ:EBAY) common stock valued at approximately $4.9 billion, and its risk factors reference a proposed acquisition of eBay. Chair and CEO Ryan Cohen held no call and issued no guidance.
Balance Sheet, Restated The release reported cash and equivalents of $4.85 billion, down 41.8% year over year, alongside the eBay stake. Long-term convertible debt is approximately $2.8 billion following a post-quarter retirement, and the company disclosed outstanding 0.00% convertible senior notes due 2030 and 2032.
Grading the Four Watch Items Collectibles delivered: $356.3 million in net sales, up 57% year over year, representing 45.1% of net sales. Revenue fell to $790.2 million, down 18.7% year over year, which the company attributed to the prior-year Nintendo Switch 2 launch, planned store closures, and the France divestiture. Cash deployment answered itself in the eBay line item. The warrants remain outstanding.
Operating Quality Reported operating income reached $160.2 million, up 141.27% year over year, with a gross margin of 43.7% versus 29.1% and adjusted EBITDA of $174.0 million versus $75.7 million. The full-year adjusted EBITDA outlook was raised to more than $650 million from more than $600 million. GAAP net income of $298.7 million was boosted by a $166.3 million gain on a derivative asset and a $72.1 million unrealized gain on the equity investment, partly offset by a $75.0 million loss on digital assets. Adjusted EPS of $0.27 matched consensus and strips those items out.
Concentration You Did Not Choose The release itself flags concentration of the investment portfolio in eBay common stock at $4.9 billion. eBay trades at $108.30, up 24.3% year to date. The unrealized gain exists only on paper.
October 30 Warrant Deadline The approximately 59 million warrants distributed carry a $32.00 exercise price and could raise up to approximately $1.9 billion if fully exercised. They expire October 30, 2026. GameStop trades at $22.76, up 25.0% over one month and 13.4% year to date, well below the strike. Polymarket puts the probability of a GameStop-eBay acquisition at 0.065. Cohen’s $26.4 million share purchase disclosed September 21, 2026, lifted the stock but not near $32.
Watch two things before October 30: whether GameStop refiles or extends the warrant terms, and whether the stock closes any single session at or above the strike. A sustained move above $32 would signal the $1.9 billion warrant proceeds are in play. Absent that, acquisition funding must come from the existing cash pile or new debt, not the warrants.
Contact [email protected] for any questions or corrections.
GameStop Corp (NYSE:GME) CEO Ryan Cohen purchased nearly 1.15 million shares of the company's Class A stock on Monday for roughly $26.4 million.
The purchases, disclosed in a Form 4 filing with the Securities and Exchange Commission, were made at prices ranging from $22.76 to $23.02 per share.
Cohen's direct holdings now stand at 40.49 million shares after the transaction.
The filing carries no Rule 10b5-1 designation, indicating the purchase was not made through a pre-scheduled trading plan.
GameStop shares rose around 3.8% on Tuesday morning.
Monday’s purchase extended Cohen's recent run of insider buying at the company.
On September 10, he bought 1 million shares at a weighted average price of $20.38, spending about $20.4 million.
Three GameStop directors, Lawrence Cheng, James Grube and Alain Attal, also bought shares during the same week.
Cohen has been building his personal stake while pursuing a major acquisition target.
GameStop made a non-binding proposal to acquire eBay at $125 per share, with consideration split evenly between cash and GameStop stock, implying an equity value of about $55.5 billion.
eBay's board rejected the offer as "neither credible nor attractive".
Cohen has more recently considered withdrawing the takeover bid in favor of a partnership or joint venture with eBay, under which GameStop's roughly 1,600 US stores would give eBay a physical retail presence in categories such as trading cards and collectibles.
GameStop disclosed in July that it had raised its eBay stake to 9.75%, making it eBay's second-largest shareholder behind Vanguard Group funds.
GameStop Corp. (NYSE:GME) chairman and CEO Ryan Cohen went back to the open market Monday, pushing his personal position in the video game retailer past 40 million shares.
GME stock is moving. See the chart and price action here. The Buy – DetailsA Form 4 filed with the SEC Monday shows Cohen bought 1,150,680 shares of GameStop Class A common stock the same day, at a weighted average price of $22.9375 per share. The trades filled between $22.76 and $23.02, putting the day’s outlay at roughly $26.4 million.
Cohen now directly owns 40,498,522 shares, worth about $922 million at Monday’s close of $22.76. The filing carries no Rule 10b5-1 designation, meaning the purchase was not made under a pre-scheduled plan — a detail retail traders have learned to watch closely since Cohen’s stake helped ignite the 2021 meme-stock squeeze.
Cohen Really Likes the StockThe buy extends a run of insider accumulation that began earlier this month. Cohen picked up one million shares on Sept. 10 at an average near $20.38, roughly a $20.4 million ticket, and three directors — Lawrence Cheng, James Grube and Alain Attal — added shares in the same week.
Read Next
Monday’s purchase came at a price more than 12% above where Cohen was buying 11 days earlier, a notable shift for a buyer who has historically stepped in on weakness.
The backdrop is a business leaning harder on collectibles. GameStop’s second-quarter adjusted earnings of 27 cents per share beat the 19 cent consensus, and operating income of $160.2 million marked a company record for the period even as revenue fell 18.7% year-over-year to $790.2 million. Management lifted full-year adjusted EBITDA guidance above $650 million.
Still unresolved is Cohen’s pursuit of eBay Inc. (NASDAQ:EBAY), whose board rejected GameStop’s roughly $56 billion cash-and-stock offer at $125 per share as “neither credible nor attractive.” GameStop has said it intends to keep pressing.
Why It MattersAt a $10.2 billion market cap, Cohen’s direct stake is roughly 9% of the company, and every open-market add tightens an already reflexive float. For traders, unplanned CEO buying at rising prices is the cleaner signal here.
GME Price Action: GameStop shares closed up 0.53% at $22.76 on Monday and were tradeing 2.37% higher at $23.30 after hours, according to Benzinga Pro market data.
Read Next
Photo: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
Choosing between GameStop (GME -0.57%) and Home Depot (HD -0.84%) requires weighing speculative growth against established stability.
GameStop has evolved from a mall-based retailer into a leaner operation focused on specialized gaming products and collectibles. Home Depot continues to lead the building materials industry by focusing on professional contractors and efficient logistics. Both companies operate in the consumer cyclical sector, yet they offer vastly different risk and reward profiles for investors.
The case for GameStopGameStop sells video game hardware, software, and pop-culture collectibles through physical stores and its digital platform. In its latest annual report, filed in May 2026, the company highlighted a strategic shift toward graded trading cards and high-margin memorabilia. Its major vendors include Nintendo (NTDOF -1.70%), Sony, and Pokémon, which provide the bulk of its new products.
In FY 2025, revenue reached nearly $3.6 billion, representing a decline of roughly 5.1% compared to the previous year. Despite the lower sales, the company achieved a net income of approximately $418.4 million. This resulted in a net margin of close to 11.5%, which is the percentage of revenue remaining as profit after all costs are deducted.
As of its January 2026 balance sheet, the company maintains a debt-to-equity ratio of nearly 0.8x. This ratio shows the proportion of total debt used to finance assets relative to shareholder equity. The current ratio, which measures the ability to cover short-term debts with short-term assets, is roughly 15.3x. Free cash flow for the year was approximately $597.3 million, representing the cash remaining after paying for operations and equipment.
The case for Home DepotHome Depot is the world's largest home improvement retailer, serving both individual homeowners and professional contractors. The company has aggressively expanded its professional segment through the acquisition of SRS, which targets specialized trades like roofing and landscaping. This scale helps it maintain a dominant position among retail stocks that rely on physical distribution.
In FY 2025, revenue reached close to $164.7 billion, reflecting a year-over-year growth rate of approximately 3.2%. The company reported a net income of nearly $14.2 billion for the same period. Its net margin was roughly 8.6%, indicating the portion of total sales converted into profit after the company accounted for all its business expenses.
As of its February 2026 balance sheet, the debt-to-equity ratio was nearly 5.1x, indicating that the company uses significant debt to fund its operations. The current ratio was approximately 1.1x, showing that its short-term assets barely exceed its short-term liabilities. However, the company generated robust free cash flow of roughly $12.6 billion, which is the cash left over after covering operating costs and capital investments.
Risk profile comparisonGameStop faces risks from the ongoing shift toward digital game downloads, which reduces demand for physical media. It competes directly for hardware sales with major retailers like Amazon (AMZN +1.00%), Walmart (WMT -0.06%), and Target (TGT -1.03%). Additionally, the company faces volatility related to its investment policy, which includes holdings in Bitcoin (BTC +5.71%), along with potential litigation regarding executive compensation and leadership changes.
Home Depot is highly sensitive to fluctuations in the housing market and broader economic conditions that impact discretionary spending. The company also manages complex global supply chains that are vulnerable to geopolitical disruptions and rising logistics costs. Furthermore, it faces legal risks, including class action litigation involving data privacy and the alleged use of artificial intelligence in surveillance technology across its store fleet.
Valuation comparisonGameStop currently trades at a lower multiple of future earnings estimates, while Home Depot has a lower valuation when compared to its total revenue.
MetricGameStopHome DepotForward P/E11.7x20.6xP/S ratio2.6x1.9xValuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
This is quite an unusual matchup: a struggling video game retailer turned potential holding company versus one of the most dependable retailers ever built. But that contrast makes it an interesting lens for thinking about risk and reward.
I'd go with Home Depot. Its dominant position in home improvement, reliable dividend, and loyal customer base make it one of the steadiest long-term holds in retail. The housing market is sluggish right now, but Home Depot has navigated far worse and kept delivering for patient shareholders.
GameStop is a fascinatingly different company than it was a year ago. CEO Ryan Cohen is steering it toward a Berkshire-style holding company model and recently told CNBC he is hunting for a "very, very, very big" consumer acquisition he called more compelling than Bitcoin. That is an ambitious vision, but it is still just a vision. Until a deal materializes, GameStop is essentially a cash pile attached to a shrinking retail business.
Home Depot is already delivering, which is where I'd put my money right now. GameStop is asking investors to trust a transformation that has not happened yet.
In a somewhat unexpected turn of events, the former hedge fund manager and energetic TV personality, Jim Cramer, issued a ‘Buy’ rating for the most famous meme stock, GameStop (NYSE: GME), on Thursday, September 17.
Specifically, the ‘Mad Money’ host explained that the battered video game retailer has turned into a profitable company that is making at least a partially successful effort to achieve a turnaround.
Cramer also said that GameStop ‘works’ for him and effectively gave GME shares a ‘Buy’ recommendation:
I think it actually works for me. It’s a profitable company, and they’re trying to turn it around, and I think they’re having some success. I’m willing to say that stock is a buy.
Notably, Jim Cramer’s endorsement came amidst a relatively decisive GameStop stock rally. GME equity is, at its latest closing price of $22.77, 21.05% up in September.
Furthermore, the company’s recent performance erased the previous 2026 losses, and the equity was, at the latest close, 10.43% in the green year-to-date (YTD).
GameStop stock price YTD chart with September performance highlighted. Source: Google Why GameStop stock is soaring in September Meanwhile, GameStop has been benefiting from multiple positive developments since September started.
Not only has the equity started slowly rising already in late August, but the company posted a strong earnings report for the second quarter (Q2) last week, which featured record operating income and strong demand for collectibles.
Additionally, senior company personnel took to the stock market between September 8 and September 10 to show their confidence in the firm by purchasing its equity.
Indeed, during the two days, GameStop insiders acquired just under 1.1 million shares for more than $21 million.
Receive Signals on SEC-verified Insider Stock Trades
Stocks
This signal is triggered upon the reporting of the trade to the Securities and Exchange Commission (SEC).
As could, arguably, be expected, CEO Ryan Cohen was by far the biggest buyer, having purchased 1 million GME at an average price of $20.38 for a total of $20.37 million, per a September 10 Securities and Exchange Commission (SEC) filing.
Featured image via Shutterstock
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
Insiders are buying some of the best-known stocks in transportation, retail, and real estate. These buys come amid different backdrops for each firm and stock. A top ride-hailing company is seeing considerable insider buying, with shares down in 2026. Meanwhile, insiders continue to increase their stake in a former meme stock, even as sales are under real pressure.
Additionally, following very strong gains, insiders at a top real estate investment trust continue to hold or increase their positions, indicating long-term confidence.
Get Uber Technologies alerts:
Top Uber Executives Are Purchasing Amid Underwhelming 2026 PerformanceUber Technologies Today
UBER
Uber Technologies
$70.46 -0.41 (-0.58%)
As of 11:41 AM Eastern
This is a fair market value price provided by Massive. Learn more.
$65.41▼
$101.9915.50
$103.03
After an impressive 2025, Uber Technologies’ NYSE: UBER share price has run into some roadblocks. Shares gained more than 35% last year, but are down more than 10% this year and have fallen more than 25% from their 52-week high.
Notably, the stock fell more than 5% after Uber’s last earnings report. The company missed on revenue, with sales rising 12% year-over-year to $14.19 billion versus estimates of $14.24 billion. Additionally, its bookings guidance for the next quarter fell short of expectations. Uber also said it would commit over $10 billion to autonomous vehicle (AV) investments. While this could bode well for Uber’s cost structure long-term, it also implies significant upfront costs.
Amid its lackluster performance recently, two key insiders are buying in. CEO Dara Khosrowshahi and Chief Operating Officer Andrew Macdonald have purchased $10 million and $5.3 million of Uber shares, respectively. Khosrowshahi’s shares increased by approximately 11% while Macdonald’s increased by approximately 20%, equating to significant buys for these insiders.
Top insiders are clearly signaling confidence in Uber’s outlook going forward, while the relative lack of recent insider selling indicates a constructive outlook among other insiders. From Q4 2025 to Q3 2026, Uber’s total insider selling was less than $6 million, compared to insider buying of $16.6 million.
GameStop Insider Buys Are Up, Sales Are DownGameStop Today
$22.48 -0.30 (-1.30%)
As of 11:41 AM Eastern
This is a fair market value price provided by Massive. Learn more.
$17.79▼
$28.1014.76
Shares of GameStop NYSE: GME, one of the original meme stocks, have been on a bit of a roller coaster recently. Shares sank nearly 26% in 2025, but went on to rise as much as 32% earlier in 2026. However, the stock is now up by less than 10% on the year.
Shares cratered by more than 12% after GameStop said it would exchange $1.4 billion worth of convertible notes for its common stock, a dilutive event. The company subsequently amended this, saying it would pay $358.4 million of this consideration in cash, helping shares rebound. The stock also got a boost after its latest earnings report, with sales of $790.2 million beating estimates of $756.85 million.
Several insiders bought shares following GameStop’s better-than-expected report. Together, directors Alain Attal, Lawrence Cheng, and CEO Ryan Cohen bought over $21 million worth of shares. Attal and Cohen’s additions increased their positions by less than 1% and less than 3%, respectively. However, Cheng’s position increased by more than 60%.
While these buys indicate confidence in the firm’s outlook, the company’s sales are still in decline, falling nearly 19% last quarter. This, combined with its scattershot strategy, demonstrated by its attempt to purchase eBay NASDAQ: EBAY for $55 billion, continues to be a significant concern.
Welltower Insider Trading Points to Durable OutlookWelltower Today
$230.44 -1.82 (-0.78%)
As of 11:41 AM Eastern
This is a fair market value price provided by Massive. Learn more.
$163.75▼
$255.201.48%
105.63
$252.56
Last up is real estate investment trust giant Welltower NYSE: WELL. The stock provided a return of nearly 50% in 2025, and it has continued to perform strongly in 2026, up more than 20%. Welltower’s success comes as it provides rental housing for senior citizens, an industry with significant structural tailwinds. As the percentage of U.S. residents who are in higher age brackets increases over time, Welltower’s senior housing is seeing strong demand.
Welltower’s insider trading data may signal the durability of this trend. Notably, MarketBeat has tracked no insider selling at Welltower over the last 12 months. At the same time, director Andrew Gundlach recently purchased over $2.4 million worth of Welltower shares. This marked a substantial 33% increase in Gundlach’s position, boosting his shares held from 20,000 to 30,000.
These are positive signals for Welltower stock. Despite its very strong performance, insiders are not selling. In contrast, Gundlach provides an example of an insider greatly increasing their allocation. One way to read this is that insiders are confident in continuing to hold this name because demographic aging is a long-term trend. From 2025 to 2060, the U.S. Census Bureau projects that the percentage of the U.S. population that is 65 or older will rise from 18.9% to 23.4%.
Analysts Point to Strong Gains at Uber, Watch AV Profitability ImpactsLooking ahead, analysts are eyeing the most 12-month upside in Uber among this group. The MarketBeat consensus price target near $103 implies more than 40% upside in shares. A key watch item will be how Uber’s AV strategy affects profitability over time. Specifically, seeing improvements in its mobility operating margin, which was 7.6% last quarter, would help signal that autonomous deployments are boosting profitability rather than deteriorating it. However, this may take time to materialize as the initiative ramps.
Should You Invest $1,000 in Uber Technologies Right Now?Before you consider Uber Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uber Technologies wasn't on the list.
While Uber Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you’ll find 7 stocks that could play a major role in the next tech-driven market boom.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying BlackBerry Limited (NYSE:BB). “We’ve had the company on. I am surprised that it came back down, but there’s been a lot of selling in some very good stocks,” he added.
BlackBerry shares gained in pre-market trading following a partnership announcement between Sift, a data infrastructure platform for mission-critical hardware, and QNX, BlackBerry’s embedded software division
When asked about Casey’s General Stores, Inc. (NASDAQ:CASY), he said, “I think you’re wise to go back into it, especially down here all the way. It’s almost been cut in half. That’s a very good move.”
On the earnings front, Casey’s General Stores, on Sept. 8, posted upbeat first-quarter results. The company posted quarterly earnings of $7.37 per share, beating market estimates of $6.72 per share. The company’s sales came in at $5.678 billion versus expectations of $5.568 billion.
GameStop Corp. (NYSE:GME) is a profitable company, Cramer said. “They’re trying to turn it around, and I think they’re having some success. I’m willing to say that stock is a buy.”
According to recent news, a substantial insider purchase was made by Ryan Cohen, CEO of GameStop, on Sept. 10, as per the latest SEC filing. Cohen’s recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, involves purchasing 1,000,000 shares of GameStop. The total transaction value is $20,375,900.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) has been a “terrible” stock in the last six months, Cramer said. “It’s settled down to a level that I think you can buy the stock.”
On Tuesday, Credo Technology disclosed the launch of its 224G-based ZeroFlap (ZF) optical transceiver family designed for AI networking.
Price Action:
Casey’s shares gained 3.1% to settle at $607.45 on Thursday. BlackBerry shares climbed 3.9% to close at $7.94 during the session. GameStop rose 3.6% to settle at $22.77 on Thursday. Credo Technology shares gained 4.2% to close at $168.25. Photo via Shutterstock
Market News and Data brought to you by Benzinga APIs
eBay Inc. (NASDAQ:EBAY) had a busy stretch this month that included fresh commentary from management at a major investor conference, continued attention on its relationship with major shareholder GameStop and analyst activity.
eBay stock is trading near recent highs. What’s ahead for EBAY stock? Goldman Sachs Conference CommentaryOn September 8, CEO Jamie Iannone and CFO Peggy Alford appeared at the Goldman Sachs Communacopia + Technology Conference, where Iannone highlighted eBay Live and Vehicles as new growth vectors for the company, noting that the vehicles business has quickly reached hundreds of millions of dollars in run rate after just a year. He reiterated that roughly 70% of eBay’s business now falls into Focus Categories, consumer-to-consumer sales, or recommerce, with each growing about 20% in the second quarter. Iannone also said AI is a real tailwind for the business, pointing to Magical Listings as an early success and noting that AI technology has driven 50% more U.S. listings per lister. Shares closed at $104.47 that day, up about 1%.
GameStop’s Ongoing StakeAdding to the month’s storyline, GameStop’s roughly $4.9 billion stake in eBay has continued to draw investor attention, with GameStop insider Ryan Cohen‘s personal GME stake nearing $800 million as of September 11, following GameStop’s earlier pursuit of a potential acquisition of eBay.
Analyst Consensus & Recent ActionsThe stock carries a Buy rating with an average price forecast of $115.83. Recent analyst activity include:
StoneX: Buy (Raises Target to $136.00) (Sept. 14) Read Next
eBay Shares Trade FlatEBAY Price Action: At the time of publication, eBay shares are trading 0.88% higher at $110.13, according to data from Benzinga Pro.
Image via Shutterstock
Market News and Data brought to you by Benzinga APIs
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Short position through short-selling of the stock, or purchase of put options or similar derivatives in GME over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Key Takeaways Investors can see insider buys as a big positive concerning confidence in the longer-term outlook.Keep in mind that insiders' holding periods are longer than most, and many strict rules apply.UBER, GME, and CELH have all recently seen their CEOs step up with their own capital. Uber Technologies (UBER - Free Report) CEO Dara Khosrowshahi recently made a big splash, purchasing 141k shares at an average price of roughly $70.96 per share. The transaction totaled just over $10 million, with the CEO now holding roughly 1.4 million shares.
The sizable purchase comes amid continued business strength, with its latest quarterly results revealing robust growth and impressive cash generation.
Uber Continues to Deliver Strong GrowthUber’s latest quarterly results were positive across the board, with Gross Bookings climbing 24% YoY to $58 billion and revenue jumping 12% to $14.2 billion. Trips similarly grew by a rock-solid 18% YoY to 3.9 billion, with Monthly Active Platform Consumers rising 16%.
Profitability also improved, with adjusted EBITDA jumping 33% YoY to $2.8 billion, while operating income climbed an even stronger 40%. Free cash flow came in at $2.8 billion, with trailing twelve-month FCF exceeding $10 billion for the first time in the company’s history.
The company’s growth also remains broad-based, with Mobility Gross Bookings climbing 22% YoY and Delivery Gross Bookings jumping 26%. Overall, the latest results show Uber continuing to benefit from growing platform activity while translating its strong top-line momentum into improving profitability and cash generation.
EPS revisions have remained on a bullish trajectory as of late, reflecting a strong backdrop for near-term momentum.
Image Source: Zacks Investment Research
Other Recent CEO PurchasesUber isn’t alone in seeing its CEO step up, as GameStop (GME - Free Report) and Celsius Holdings (CELH - Free Report) have similarly seen their top executives deploy capital as of late.
GameStop CEO Ryan Cohen recently purchased 1 million shares at an average price of roughly $20.38 per share. The transaction totaled nearly $20.4 million, with Cohen now directly holding more than 39.3 million GME shares.
Celsius CEO John Fieldly similarly put capital at play, purchasing 18k shares at an average price of roughly $27.44 per share. The transaction totaled just under $500k, with Fieldly now directly holding more than 956k CELH shares.
Bottom Line
Many investors closely monitor insider buys, seeking insights into the longer-term picture. The transactions shouldn’t be relied on for near-term performance, as insiders’ holding periods are longer than most, and many strict rules apply.
Rather, investors can see insider buys as an overall net positive concerning the longer-term outlook.
All stocks above – Uber Technologies (UBER - Free Report) , GameStop (GME - Free Report) , and Celsius Holdings (CELH - Free Report) – have seen recent CEO buying activity.
GameStop says it is reopening “select” stores across the country as company insiders make new investments in the video game retailer’s stock.
The company announced on social media that “select” closed stores would begin reopening Sept. 11.
GameStop did not initially disclose a complete list of returning locations. A company spokesperson told FOX Business that “at least one” store — located in Brooklyn, Ohio — was part of the initial rollout.
The move comes after an extended period of store closures and cost-cutting. GameStop has shuttered hundreds of locations in recent years as it has sought to reduce expenses and reshape its retail operations.
The reopenings also come as GameStop CEO Ryan Cohen purchased 1 million shares of Class A common stock on Sept. 10 at a weighted average price of about $20.38 per share, according to federal regulatory filings.
GameStop announced it is reopening “select” stores across the country as company insiders make new investments in the video game retailer’s stock in a photo posted to X on Sept. 10, 2026. X/@gamestop The purchase was worth roughly $20.4 million.
GameStop board member Alain Attal also purchased 5,000 shares that day for approximately $100,000.
Meanwhile, GameStop’s sales mix has continued to shift away from traditional video game software and toward collectibles.
GameStop board member Alain Attal also purchased 5,000 shares for approximately $100,000. Christopher Sadowski for NY Post Collectibles, including trading cards, accounted for 45.1% of GameStop’s net sales during the company’s most recent quarter, up from roughly 29% for fiscal 2025.
Collectibles sales increased 57% from the same quarter a year earlier.
Two CEOs filed the same rare SEC disclosure on the same day, each spending their own money to buy shares in their own company without a prearranged trading plan. What they signaled about GameStop and Uber deserves a closer look…
On September 10, 2026, two sitting chief executives filed SEC Form 4 disclosures reporting the same rare event: an open-market purchase of their own company’s stock, funded with their own money. Ryan Cohen bought GameStop (NYSE:GME | GME Price Prediction) shares, and Dara Khosrowshahi bought Uber Technologies (NYSE:UBER) shares. On both filings, the box indicating the trade was executed under a prearranged Rule 10b5-1 trading plan was left unmarked, which means these were discretionary decisions.
What Transaction Code P Actually Signals The vast majority of insider filings are sales, restricted-stock vests, and option exercises. Sells often carry a routine explanation (tax withholding, diversification, a plan set months earlier). On Form 4, transaction code P, an open-market purchase, is the one insider action with no routine explanation. When the 10b5-1 affirmative-defense checkbox is unmarked, as it was on both filings dated September 10, 2026, the executive is choosing to buy at that specific price, on that specific day, with material non-public information restrictions still applying.
Cohen Steps Into a Rebounding GameStop Cohen, reporting as director, president, CEO, and board chair of GameStop, acquired 1,000,000 shares of Class A common stock at $20.3759, held directly. Barron’s characterized the buy at roughly $20 million. Director Alain Attal also bought 5,000 shares at $20.00 the same day.
GameStop closed most recently at $21.15 per share. The stock is up 10.0% over one week, 12.4% over one month, and 5.3% year to date. However, the share price is 14.9% lower over one year and down 55.6% over five years. The fundamental setup Cohen bought into: Q2 FY2026 collectibles revenue surged 57% year over year to $356.3 million, adjusted EBITDA more than doubled to $174.0 million, and management raised FY2026 adjusted EBITDA guidance to more than $650 million.
Khosrowshahi Buys Into a Drawdown at Uber Khosrowshahi, as director and chief executive of Uber, acquired 141,000 shares of common stock at $70.9642, held directly.
Uber closed at $71.67, which is down 5.7% in one week, 8.8% over one month, 12.3% year to date, and 24.3% in the past year. However, over five years the stock has gained 79.7%. The underlying business remains strong: Q2 FY2026 gross bookings rose 24% year on year to $58.02 billion on 3.9 billion trips, and Q3 guidance points to non-GAAP EPS of $0.84 to $0.88 (28% to 35% growth). Sell-side coverage remains constructive, with a consensus target price of $101.21.
Same Signal, Two Different Price Setups Of these two CEOs, only Cohen bought into a name that had already turned up. While the discretionary code P purchases disclosed on September 10, 2026, are identical, everything else about the two situations differs: valuation, sell-side positioning, momentum, and the reason each stock sits where it does. Barron’s noted that Wall Street’s reaction to the Cohen buy was muted, headlining that Wall Street “doesn’t blink.” That is a useful reminder that an insider purchase is just one input.
How to Read an Insider Buy Before Acting on It Three checks matter before a retail investor treats any code P filing as actionable. First, size relative to the insider’s existing stake: a token buy from a founder who already owns tens of millions of shares carries less signal than the same dollar amount from a professional CEO with a small position. Second, whether the filing is one-off or part of a pattern. Readers should verify prior filings directly rather than assume repeat behavior. Third, whether the business case stands on its own numbers.
Should a reader act on these two buys? Probably not. While a discretionary insider purchase signals alignment between the executive and shareholders, it offers no predictive claim about future price. Investors should use it as a prompt to do the work on GameStop’s collectibles pivot and Uber’s mobility and delivery economics.
Contact [email protected] for any questions or corrections.
GameStop Corp. (NYSE:GME – Get Free Report) CEO Ryan Cohen purchased 1,000,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $20.38 per share, with a total value of $20,380,000.00. Following the completion of the purchase, the chief executive officer directly owned 39,347,842 shares of the company’s stock, valued at $801,909,019.96. The trade was a 2.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
GameStop Stock Performance GameStop stock opened at $21.11 on Friday. The company has a market cap of $10.65 billion, a price-to-earnings ratio of 13.89 and a beta of 1.72. GameStop Corp. has a 12 month low of $17.79 and a 12 month high of $28.10. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 11.91. The stock’s 50-day moving average is $20.03 and its 200-day moving average is $21.98.
GameStop (NYSE:GME – Get Free Report) last issued its earnings results on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.27. The business had revenue of $790.20 million during the quarter, compared to analysts’ expectations of $756.85 million. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The company’s revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.31 EPS.
Hedge Funds Weigh In On GameStop A number of institutional investors have recently added to or reduced their stakes in GME. AQR Capital Management LLC grew its stake in shares of GameStop by 312.2% during the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock valued at $623,000 after acquiring an additional 22,297 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of GameStop by 33.2% in the first quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock worth $5,851,000 after acquiring an additional 65,325 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of GameStop by 9.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock worth $25,255,000 after acquiring an additional 94,892 shares in the last quarter. American Century Companies Inc. boosted its holdings in GameStop by 6.5% in the second quarter. American Century Companies Inc. now owns 35,473 shares of the company’s stock valued at $865,000 after purchasing an additional 2,162 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after purchasing an additional 886 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock. Key Headlines Impacting GameStop Here are the key news stories impacting GameStop this week:
Positive Sentiment: CEO and Chairman Ryan Cohen purchased 1 million GameStop shares at an average price of approximately $20.38, committing about $20.4 million and raising his direct ownership to more than 39.3 million shares. The purchase is being viewed as a significant vote of confidence in GME’s valuation and strategy. GameStop CEO insider purchase Positive Sentiment: Director Alain Attal bought 5,000 shares for $100,000, increasing his stake to 601,464 shares. The purchase adds to a recent cluster of insider buying, including Director James Grube’s acquisition of 10,255 shares for roughly $196,000. Alain Attal GameStop share purchase Positive Sentiment: GameStop announced that select previously closed stores are reopening nationwide. The move suggests management sees potential for improved retail traffic and demand, while recent collectibles growth offers a possible avenue for diversification beyond traditional video-game sales. GameStop store reopenings Neutral Sentiment: An analyst rating upgrade described GameStop as more interesting following its earnings and insider activity, but broader analyst coverage remains cautious, with the average rating still at Hold. GameStop rating upgrade Negative Sentiment: GameStop’s latest quarterly revenue of $790.2 million exceeded estimates, and EPS matched consensus at $0.27, but revenue declined 18.7% year over year and EPS fell from $0.31. Weak software and hardware sales continue to challenge the turnaround, while analysts question whether collectibles growth can offset the contraction. GameStop earnings and outlook Analysts Set New Price Targets Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of GameStop in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
View Our Latest Research Report on GameStop
About GameStop (Get Free Report)
GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.
Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.
See Also Five stocks we like better than GameStop Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy? Optical Cable Corporation Is Starting to Get the Market’s Attention Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.
Ryan Cohen, thre billionaire President, CEO and Chairman of GameStop Corp (GME +3.73%), reported a purchase of 1.0 million shares of the business in a SEC Form 4 filing.
Premium Feature
Moneyball Superscore
37/100
Today's Change
(
3.73
%) $
0.76
Current Price
$
21.15
Transaction summaryMetricValueTransaction value$20.4 millionShares purchased1,000,000Post-transaction shares (directly held)39,347,842Post-transaction value$802.3 millionTransaction value based on SEC Form 4 weighted average purchase price ($20.38); post-transaction value based on Sept. 10, 2026 market close ($20.39).
Key questionsWhat were the execution details regarding the pricing of this purchase?
The shares were acquired in multiple transactions at prices ranging from $20.0199 to $20.4699 per share, resulting in a weighted average cost of $20.38 for the entire block.How does this move impact the executive's total equity exposure?
The addition of 1,000,000 shares brought Ryan Cohen's total direct holdings to 39,347,842 shares, up from 38,347,842 shares held before the transaction.What is the current level of insider ownership at the company?
Following this transaction, total insider ownership of the firm stands at 9%, with the CEO remaining a primary holder of the outstanding equity.How does the current market price compare to the executive's purchase price?
As of the Sept. 10, 2026 market close, shares were priced at $20.39, representing a level slightly above the $20.38 weighted average acquisition price reported in the filing.Company OverviewMetricValueShare Price (as of market close 2026-09-10)$20.39Market Capitalization$8.9 billionRevenue (TTM)$3.6 billionNet Income (TTM)$893.3 millionCompany SnapshotGameStop Corp. operates as a specialty retailer offering new and pre-owned video game consoles, gaming software, and accessories including controllers, headsets, virtual reality equipment, and memory cards through both physical store locations and online platforms across the United States, Canada, Australia, and Europe.The company generates revenue through the sale of gaming hardware, software, and related accessories across multiple channels, leveraging both its retail store network and digital commerce capabilities to reach gaming enthusiasts and casual consumers.GameStop serves a diverse customer base ranging from hardcore gaming enthusiasts to casual consumers seeking entertainment products, with particular strength in the North American market where the majority of its store footprint and customer base are concentrated.GameStop Corp. operates as a significant specialty retailer in the consumer cyclical sector with a market capitalization of $8.9 billion and trailing twelve month (TTM) revenue of $3.6 billion. The company maintains a diversified omnichannel distribution strategy, combining approximately 4,000 employees across physical retail locations and digital platforms to capture market share in the competitive gaming and entertainment products sector. GameStop's competitive positioning centers on its extensive product selection, established brand recognition, and integrated retail-digital infrastructure serving gaming consumers across multiple geographies.
What this transaction means for investorsAfter forming and selling pet products platform Chewy Inc (CHWY -3.04%) Cohen joined the board of GameStop in 2021 and took over running the business in 2023. He turned GameStop around to the extent it became the poster child for the meme stock frenzy earlier this decade. Cohen knows the business inside and out.
That he is buying is a bullish signal. Why? Consider the dynamics of insider buying and selling. There are many reasons an insider may sell shares, some of which have no reflection on their belief in the stock's direction, like having to pay a large personal expense or diversifying their holdings.
Then consider that there is only one reason an insider buys shares: they believe the stock price will rise.
By that rule of thumb alone, Cohen's purchase GameStop shares is a bullish signal. That signal is further bolstered by studies showing that, more often than not, an insider purchase predicts a higher share price 30 days later.
The business is doing well: net income jumped 77% in the second quarter recently reported, with a large jump in overall revenue too. The company's move in recent years to emphasize trading cards and collectibles in addition to its video game business is paying off. It is also likely a reason why its unsolicited bid for eBay (EBAY +2.59%) wasn't out of left field.
Cohen's sizable purchase is a sign the executive continues to believe he has what it takes to keep GameStop a retail success story under his leadership. Insider buying like that probably shouldn’t be the only piece of data investors should rely on when making an investment decision, but it’s a good piece of information to fold into your investment thesis.
Alain Attal, a Director of GameStop Corp. (GME +3.73%), executed a direct purchase of 5,000 shares of Class A Common Stock on September 10, 2026, according to a recent SEC Form 4 filing.
Premium Feature
Moneyball Superscore
37/100
Today's Change
(
3.73
%) $
0.76
Current Price
$
21.15
Transaction summaryMetricValueShares purchased5,000Transaction value$100,000Post-transaction shares (directly held)601,464Post-transaction value$12.26 millionTransaction value based on SEC Form 4 weighted average purchase price ($20.00); post-transaction value based on Sept. 10, 2026 market close ($20.39).
Key questionsHow does this purchase affect the insider's total equity position?
The transaction expanded the insider's direct holdings by 0.84%, bringing the total position to 601,464 shares and increasing their net exposure to the company's equity.What was the market context on the day of the transaction?
The purchase was executed at $20.00 per share on September 10, 2026, a day when the stock closed at $20.39 and the one-year total return stood at negative 16%.Are there any indirect holdings or derivative considerations?
The filing indicates that all 601,464 shares are held directly by the insider, with no reported indirect holdings through trusts or other entities, and no derivative securities were involved in this specific transaction.Company OverviewMetricValueShare Price (as of market close 2026-09-10)$20.39Market Capitalization$8.9 billionRevenue (TTM)$3.6 billionNet Income (TTM)$893.3 millionCompany SnapshotGameStop Corp. operates as a specialty retailer offering new and pre-owned video game consoles, gaming software, and accessories including controllers, headsets, virtual reality equipment, and memory cards through both physical store locations and online platforms across the United States, Canada, Australia, and Europe.The company generates revenue through the sale of gaming hardware, software, and related accessories across multiple channels, leveraging both its retail store network and digital commerce capabilities to reach gaming enthusiasts and casual consumers.GameStop serves a diverse customer base ranging from hardcore gaming enthusiasts to casual consumers seeking entertainment products, with particular strength in the North American market where the majority of its store footprint and customer base are concentrated.GameStop Corp. operates as a significant specialty retailer in the consumer cyclical sector with a market capitalization of $8.9 billion and trailing twelve month (TTM) revenue of $3.6 billion. The company maintains a diversified omnichannel distribution strategy, combining approximately 4,000 employees across physical retail locations and digital platforms to capture market share in the competitive gaming and entertainment products sector. GameStop's competitive positioning centers on its extensive product selection, established brand recognition, and integrated retail-digital infrastructure serving gaming consumers across multiple geographies.
What this transaction means for investorsAttal has been an independent director of GameStop since January 2021. He has seen the stock pop during the meme stock heyday and find its legs through the company's unsolicited bid for eBay Inc (EBAY +2.59%) earlier this year. That he is buying is a bullish signal.
Why? Consider the dynamics of insider buying and selling. There are many reasons an insider may sell shares, some of which have no reflection on their belief in the stock's direction, like having to pay a large personal expense or diversifying their holdings.
Then consider that there is only one reason an insider buys shares: they believe the stock price will rise.
By that rule of thumb alone, Attal's purchase GameStop shares is a bullish signal. That signal is further bolstered by studies showing that, more often than not, an insider purchase predicts a higher share price 30 days later.
The business is doing well: net income jumped 77% in the second quarter recently reported, with a large jump in overall revenue too. The company's move in recent years to emphasize trading cards and collectibles in addition to its video game business is paying off. It is also likely a reason why its unsolicited bid for eBay wasn't out of left field.
Attal's purchase doesn't mean there is eye-popping news on the horizon (though there could be), but it's a signal that he believes GameStop will continue to have business momentum. It's also worth noting he is not the only insider buying GameStop shares of late.
These are positive signs for investors looking for an added data point for the GameStop investing strategy.
The purchase takes him to 8.5% of the company Summary
Cohen bought roughly $20 million worth of GameStop shares on September 10, lifting his beneficial ownership to about 8.5%.
GameStop Corp. GME rose 3.78% intraday after chairman and CEO Ryan Cohen disclosed buying 1,000,000 shares at a weighted average of $20.3759, in open market transactions ranging from $20.0199 to $20.4699. That cost roughly $20 million.
The filing puts his beneficial ownership at 43,082,626 shares, or about 8.5%, against 504,500,990 shares outstanding as of September 3. That total includes 3,734,784 shares underlying warrants Cohen received for no consideration under a warrant dividend distribution to stockholders. The directly owned position is 39,347,842 shares, worth roughly $833 million at today's price of $21.16.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
GameStop Corp. (NYSE:GME) CEO Ryan Cohen just added another eight-figure bet on his own company.
A Form 4 filed with the U.S. Securities and Exchange Commission on Thursday shows that Cohen purchased 1 million shares of GameStop Class A common stock in an open-market transaction earlier that same day.
GME stock is climbing. See the chart and price action here. Cohen Likes the Stock The purchase price ranged from $20.02 to $20.47 per share per share, with a weighted average of roughly $20.38, and Cohen’s total daily outlay came to about $20.4 million.
Following the trade, Cohen directly holds 39,347,842 GME shares, a stake worth roughly $800 million at current prices.
Including warrants tied to underlying shares, his exposure climbs to about 43,082,626 shares. No Rule 10b5-1 trading plan accompanied the purchase, meaning Cohen made the call in real time rather than through a pre-set schedule.
Read Next
The buy landed two days after GameStop posted second-quarter results that beat estimates on both lines. Adjusted earnings per share came in at 27 cents versus a 19-cent consensus, while revenue of $790.2 million topped forecasts even as it fell 18.7% year over year.
Trending
Operating income hit $160.2 million, the strongest second quarter in company history, driven by a 57% surge in collectibles sales. Management also raised full-year adjusted EBITDA guidance to above $650 million.
Cohen was not the only insider adding shares this week. Board member Lawrence Cheng purchased 55,000 shares on Sept. 8, spending roughly $1.03 million at an average price near $18.80, which lifted his declared stake to 143,000 shares.
Director James Grube bought 10,255 shares on Sept. 9 near $19.12, and Lead Independent Director Alain Attal picked up 5,000 shares on Sept. 10, the same day as Cohen’s purchase, at roughly $20 each.
Four insiders buying in a single week marks an unusually broad show of confidence from GameStop’s board.
Cohen’s insider buying comes against the backdrop of his unresolved pursuit of eBay Inc. (NASDAQ:EBAY). GameStop offered $125 per share for the e-commerce giant in a roughly $56 billion cash-and-stock deal back in May, only to see eBay’s board reject the bid as “neither credible nor attractive."
GameStop has since pledged to keep pursuing the deal, though details on next steps remain thin.
Retail traders have closely watched Cohen’s personal stock activity since his early involvement sparked the 2021 meme-stock rally.
This latest purchase reinforces his standing as GameStop’s largest shareholder while signaling confidence heading into a stretch defined by the eBay standoff and a business increasingly leaning on collectibles rather than traditional game sales.
GME Stock Price Activity: GameStop stock was up 4.07% at $21.22 during premarket trading Friday, according to Benzinga Pro market data.
Read Next
Photo: Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Ryan Cohen just spent his own money buying GameStop shares in the open market, a move that sent the stock surging while its gaming peers barely flinched. Whether that insider signal changes the math on a retailer still losing ground…
GameStop (NYSE:GME | GME Price Prediction) stock is up 4% to $21.26 in early Friday trading after a regulatory filing disclosed that chairman and chief executive Ryan Cohen bought one million shares in the open market. That single insider signal is the reason GameStop is separating from an otherwise quiet session for the video game group, and it lands only days after the company reported quarterly results.
Video game peers Take-Two Interactive (NASDAQ:TTWO) and Roblox (NYSE:RBLX) are barely reacting to the news. Take-Two stock is up 0.4% to $217.90, and Roblox stock is up 0.7% to $45.20. Both names are drifting higher rather than joining the move at GameStop.
The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 0.93% and the VanEck Video Gaming and eSports ETF (NASDAQ:ESPO) is up 1%, so GameStop stock is moving several times what either the broad market or the gaming sector is delivering this morning. That places the catalyst squarely at the company rather than in the industry.
Cohen’s Open-Market Buy Anchors the Move Per a regulatory filing, Ryan Cohen bought one million shares of GameStop with his own money in the open market, rather than through a grant or an option exercise. The purchase follows two smaller buys by GameStop directors disclosed after the company’s quarterly results earlier in the week. Open-market insider buying is the cleanest bullish signal an insider can send, because the money and the personal risk are the insider’s own.
The backdrop is a mixed quarter for GameStop. The company reported second-quarter net sales down 19%, yet it posted a record for its strongest second-quarter operating income and GameStop raised its full-year adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) outlook to more than $650 million. That EBITDA lift came from a collectibles-led product mix and disciplined selling, general and administrative expense rather than from stronger video game sales, and it maps directly to the pivot that has defined GameStop under the current board.
Video Game Peers Hold Steady on Sector Calm Take-Two shares aren’t chasing the GameStop move, and the stock’s own investment case runs on a different clock. Grand Theft Auto VI is scheduled to launch on November 19 as the industry-defining catalyst of the year for Take-Two, and holders appear content to sit through a quiet session while that release date approaches. That is a very different kind of event than a single insider buy at GameStop.
Roblox stock is equally muted, with the company’s operating story around age-check rollout and international user growth working on a different timeline than the insider news at GameStop. The modest lift across the ESPO gaming basket and a positive session in SPY reflect sector-wide calm rather than a rerating driven by anything happening at GameStop this morning. The read-through for Roblox holders is that today’s move belongs to one name.
That gap between GameStop and its industry peers is the signal that matters. When a stock separates by several multiples from both its sector fund and the broad market on a single-name catalyst, price action tends to concentrate in that one name. Today GameStop owns the story, and Take-Two and Roblox are along for a much smaller ride.
What to Watch Next The bull case for GameStop is straightforward. Cohen bought in the open market at his own expense, which is the one insider signal that carries real information, and it lands on top of a raised EBITDA outlook and a durable margin story out of collectibles.
The bear case is that a purchase this size is small against GameStop’s $4.85 billion cash position and doesn’t change the trajectory of a retailer whose sales are still shrinking. GameStop is now a profit story built on category mix and cost discipline rather than a growth story, and Cohen’s buy adds no fresh operating evidence for anyone underwriting the stock at a higher price. That framing matters at GameStop’s $9.15 billion market cap, which already prices in the balance-sheet optionality.
Investors can watch for whether GameStop holds today’s gains into the close and for confirmation that additional director purchases show up in filings over the next few sessions. Sizing your exposure to what one insider signal can and can’t tell you is the more useful discipline here, and GameStop gave existing holders a reason to stay while giving new buyers little else to underwrite.
Contact [email protected] for any questions or corrections.
You are now leaving Barron's websiteBy clicking on the “Proceed” button below, you will be redirected to a third-party website owned and operated by Hong Kong Tiimoot Information Technology Co., Limited. (“HKT”), which is located in Hong Kong. That website operates independently from Barron's and Barron's does not control the website. The privacy practices of HKT are subject to its Privacy Statement, so please read it closely. We are not responsible for HKT's privacy or other data-related practices.
GameStop Corp. (NYSE:GME) stock is trending Friday after the company announced Thursday that select closed stores are reopening nationwide starting today, coming just days after its second-quarter earnings report.
GameStop stock is among today’s top performers. What’s fueling GME momentum? GameStop Revives Select Locations Amid Retail ResetGameStop posted on X, “Your local GameStop is back. Select closed stores are now reopening nationwide starting September 11,” signaling a notable reversal after the company shuttered hundreds of locations over the past two years as part of a broader cost-cutting and diversification strategy. GameStop’s U.S. store count has fallen from more than 2,900 in early 2024 to under 1,600 as the retailer shifted focus toward collectibles, trading cards and its balance sheet.
The reopening announcement suggests the company may be finding a more stable footprint after years of consolidation, though GameStop has not detailed which locations are affected or how many stores will reopen.
Mixed Q2 Results Amid Strategic ShiftGameStop reported second-quarter results on September 8, with adjusted earnings per share of 27 cents, in line with the consensus estimate. Quarterly revenue fell to $790.2 million from $972.2 million a year earlier, which the company attributed to the absence of a Nintendo Switch 2 launch tailwind, ongoing store closures and the sale of its French business — though the figure still beat the consensus estimate of $756.85 million.
By category, collectibles revenue rose to $356.3 million from $227.6 million a year earlier, while video game sales fell to $263.2 million from $494.6 million, and pre-owned and refurbished product sales declined to $170.7 million from $250 million. GameStop ended the quarter with $5.4 billion in total cash, cash equivalents, marketable securities, digital assets, and related receivables, and held approximately 43.4 million shares of eBay common stock.
Read Next
GameStop Shares Trade HigherGME Price Action: At the time of publication, GameStop shares are trading 3.87% higher at $21.18, according to data from Benzinga Pro.
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
Director James Grube purchased 10,255 shares of GameStop Corp. (GME +2.41%) on September 9, 2026. SEC Form 4 filing.
Premium Feature
Moneyball Superscore
37/100
Today's Change
(
2.41
%) $
0.48
Current Price
$
20.37
Transaction summaryMetricValueTransaction value~$196,076Shares purchased10,255Post-transaction shares (directly held)39,694Post-transaction value$789,513.66Transaction value based on SEC Form 4 weighted average purchase price ($19.12); post-transaction value based on Sept. 9, 2026 market close ($19.89).
Key questionsHow does this acquisition impact the total equity position?
The purchase of 10,255 shares represents a transaction size equal to 35% of the position held prior to this filing. Following the acquisition, the director's total direct interest increased to 39,694 shares.How does the acquisition price align with the market valuation?
The shares were purchased at a weighted average price of $19.12 per share, while the stock closed at $19.89 on September 9, 2026. Based on this market close, the director's direct position is valued at $789,513.66.What is the director's current ownership of the firm?
The director holds a beneficial interest of less than one one-hundreth of a percent of the company. These holdings consist of Class A Common Stock held entirely through direct ownership, with no reported indirect interests or derivative securities in this filing.Company OverviewMetricValueShare Price (as of market close 2026-09-09)$19.89Market Capitalization$8.8 billionRevenue (TTM)$3.6 billionNet Income (TTM)$893.3 millionCompany SnapshotGameStop Corp. operates as a specialty retailer offering new and pre-owned video game consoles, gaming software, and accessories, including controllers, headsets, virtual reality equipment, and memory cards, through both physical store locations and online platforms across the United States, Canada, Australia, and Europe.The company generates revenue through retail sales of gaming hardware, software, and accessories, leveraging its omnichannel distribution model that combines e-commerce capabilities with a network of physical retail locations to serve gaming enthusiasts and casual consumers.GameStop's primary customer base consists of video game enthusiasts, console gamers, and entertainment consumers seeking both new releases and pre-owned gaming products, with a focus on the North American and international markets.GameStop Corp. operates as a prominent specialty retailer in the consumer cyclical sector with a market capitalization of $8.8 billion and trailing twelve month (TTM) revenue of $3.6 billion. The company maintains a diversified product portfolio spanning gaming hardware, software, and accessories, supported by approximately 4,000 employees and a geographically diversified store footprint. GameStop's competitive positioning is anchored in its extensive retail network, pre-owned product offerings, and omnichannel capabilities that integrate physical and digital sales channels to serve the global gaming market.
What this transaction means for investorsGrube has been an independent director of GameStop since 2021. He has seen the stock pop during the meme stock heyday and find its legs through the company's unsolicited bid for eBay Inc (EBAY +0.78%) earlier this year. That he is buying is a bullish signal.
Why? Consider the dynamics of insider buying and selling. There are many reasons an insider may sell shares, some of which have no reflection on their belief in the stock's direction, like having to pay a large personal expense or diversifying their holdings.
Then consider that there is only one reason an insider buys shares: they believe the stock price will rise.
By that rule of thumb alone, Grube's purchase GameStop shares is a bullish signal. That signal is further bolstered by studies showing that, more often than not, an insider purchase predicts a higher share price 30 days later.
The business is doing well: net income jumped 77% in the second quarter recently reported, with a large jump in overall revenue too. The company's move in recent years to emphasize trading cards and collectibles in addition to its video game business is paying off. It is also likely a reason why its unsolicited bid for eBay wasn't out of left field.
Grube's purchase doesn't mean the eBay deal is alive again (though it could be!), but it's a signal that he believes GameStop will continue to have business momentum.
GameStop’s NYSE: GME Q2 2026 results offer intriguing details suggesting it may be time to take the stock seriously. Maybe. The critical details lie within the Collectibles segment, which has long been the company’s growth focus. It grew 57% year over year to 45.1% of sales and is expected to continue growing. It also contributed to the company’s profitability, but it may not be enough to keep the market in gear.
As good as the news is, Collectibles are still less than 50% of the business; the remaining segments are in sharp contraction, and there aren’t many other reasons to want to own the stock. Collectibles are unlikely to ever eclipse the strong games and hardware business, raising the question of what you're really getting. As it stands, the company increasingly looks like a collectibles retailer, a cash-rich holding company, and an eBay NASDAQ: EBAY investor, while eBay remains by far the cleaner operating business. eBay is growing, producing steadier profits, and, more importantly, generating cash in a way that supports capital returns.
Get GameStop alerts:
GameStop Rises After Better-Than-Expected ResultsGameStop Today
$20.48 +0.59 (+2.94%)
As of 01:22 PM Eastern
This is a fair market value price provided by Massive. Learn more.
$17.79▼
$28.1013.46
GameStop issued an arguably better-than-expected Q2 report, but there isn’t much strength to be seen. The company’s $790.2 million in revenue is slightly above consensus but down nearly 20% from last year, hurt by lapping last year’s console launches, store closures, and its exit from the business in France. Segmentally, Collectibles was strongest, offset by a 47% contraction in Software and a 32% decline in Hardware and Accessories, which are not expected to end.
Software and hardware sales are impaired for numerous reasons, including consumer headwinds and AI. AI and the cloud aren’t expected to replace console-based gaming, but they are changing the environment, primarily through cost. High demand for DRAM and memory is pushing console prices through the roof, leading owners to hold on to older models longer, potentially forever. Games shifting to the cloud raises the longevity question: cloud-based games can disappear, but a disc you own lasts forever (more or less).
Profitability is a factor that investors should note. Not only is the core business generating profits, but its substantial holding in eBay and cash also drive results. The takeaway is that GameStop has potential, but the strategy remains murky, and risks abound. Profitability and collectibles strength are likely to be spotty. Looking ahead, investors can expect GameStop’s core business to continue floundering, collectibles to offset that weakness, and eBay to continue driving value for investors.
Analysts and Institutions Say eBay Is a Better ChoiceGameStop’s analyst and institutional activity suggest an improvement is underway, but show little confidence. MarketBeat tracks a single analyst with a current rating, but it is a fresh rating pegged at Hold, up from last year’s Sell. The bad news is that no price target is given, providing no market impetus, while institutional holdings remain small at about 30%, and short interest remains high at just over 13%.
Conversely, 34 analysts rate eBay as a consensus of Hold, providing stronger conviction in the investment. The data shows a 45% Buy-side bias, with some upside to the consensus target, providing a more favorable risk-to-reward scenario. Critical details include steady coverage, firming sentiment, and an uptrend in price target revisions, with recent targets pushing the high end of the range higher. Consensus as of early September suggests about 12% upside for eBay stock, while the high end of $145 amounts to just over 30% upside.
eBay Has Structural Tailwinds, GameStop Does NoteBay Today
$105.57 +2.06 (+1.99%)
As of 01:22 PM Eastern
This is a fair market value price provided by Massive. Learn more.
$78.03▼
$119.311.17%
21.84
$117.24
Looking ahead, eBay’s analyst trends are likely to continue, as the company is forecasted to sustain mid-single-digit revenue growth while widening margins. Its catalysts include a sharper focus on key categories, including collectibles and luxury authentication, alongside a lean into AI. AI is helping internally and, more importantly, consumers, with improved listing tools and better consumer engagement showing up in sales and profits.
From a technical standpoint, eBay also looks stronger, with its share price holding up better while GME remains vulnerable to another leg lower. The earnings-driven rebound may lead to a fuller recovery, but hurdles remain. The fall to fresh lows posted in late summer is suggestive, pointing to a market losing confidence and on track to hit lower prices. The only cushion investors have is the cash pile, which accounts for most of the stock’s value.
What the bulls get wrong about GME is that it is no longer a meme stock with potential for explosive short-covering rallies. While short interest remains high, it is well off the astronomical levels seen during the height of the meme frenzy. The bears get it right that core operations are unreliable, hardware and software sales will not rejuvenate the business, and collectibles are unlikely to replace them. In this scenario, strategic focus and execution are crucial, and both are severely lacking.
Should You Invest $1,000 in GameStop Right Now?Before you consider GameStop, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and GameStop wasn't on the list.
While GameStop currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
GameStop Corp. (NYSE:GME) is trending following the past month which kicked off with the company reportedly considering pulling its bid for eBay and closed with second-quarter earnings.
The eBay Bid ReconsiderationThe past month opened on August 10 with a Bloomberg report that GameStop CEO Ryan Cohen was considering withdrawing the company’s $56 billion bid for eBay in favor of a potential partnership or joint venture instead. Under the alternative proposal, eBay would leverage GameStop’s roughly 1,600 U.S. retail locations, potentially helping both companies expand market share in higher-margin categories such as trading cards and collectibles. GameStop, which held a 9.8% stake in eBay at the time, would also seek board representation as part of any such partnership. The report noted GameStop had not made a final decision and could still pursue other options.
Q2 Results Highlight Debt Moves, eBay StakeGameStop reported second-quarter results on September 8. Adjusted earnings per share came in at 27 cents, in line with the consensus estimate. Quarterly revenue fell to $790.2 million from $972.2 million a year earlier, which GameStop attributed to the absence of a Nintendo Switch 2 launch tailwind, ongoing store closures and the sale of its French business — though the figure still beat the consensus estimate of $756.85 million.
As of August 1, GameStop held approximately 43.4 million shares of eBay common stock with a fair value of approximately $4.9 billion. The company also disclosed on September 3 that it completed exchanges retiring approximately $1.4 billion in convertible notes, reducing total long-term debt to approximately $2.8 billion.
GameStop Shares Trade FlatGME Price Action: At the time of publication, GameStop shares are trading 0.65% higher at $20.02, according to data from Benzinga Pro.
Image via Shutterstock
Read Next
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs
