The CEO's ~$27.6M open-market purchase is a rare and powerful conviction signal from the top insider. Monitor for any subsequent 8-K or press release that may explain the catalyst; if none appears, the purchase itself is the signal.
Price Chart
Executive Summary
GameStop CEO Ryan Cohen made a massive open-market purchase of ~1.15M shares worth ~$27.6M over three days, joined by a director purchase of ~$255K. The CEO's purchase alone represents ~0.08% of market cap, which is modest in percentage terms but highly significant in absolute dollar terms and as a conviction signal from the company's top insider. The cluster is overwhelmingly buy-side by dollar value, though the GC sold a small position, which does not offset the CEO's dominant signal.
Key Financial Metrics
Key Facts
- CEO Ryan Cohen purchased ~1.15M shares in three open-market transactions totaling ~$27.6M at ~$23.45-$24.41/share.
- Director Nat Turner purchased 10,462 shares for ~$255K at $24.33/share.
- General Counsel Mark Haymond sold 7,300 shares for ~$177K at $24.26/share.
- Total insider buy-side value is ~$27.9M vs sell-side ~$177K, a 157:1 buy-to-sell ratio by dollar value.
- The CEO's purchases are the largest insider buy at GameStop in recent history by absolute dollar amount.
Financial Impact
CEO purchased ~$27.6M of stock, representing ~0.08% of market cap (based on ~$3.5B market cap). Director purchased ~$255K. Total insider buying ~$27.9M.
Risk Factors
- The GC's small sale ($177K) is negligible but introduces a mixed signal.
- GME's business fundamentals remain challenged (declining revenue, no clear growth catalyst) — insider buying does not fix the operating story.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GME-1791242249154 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 8-K | $26.47 | awaiting T+60 | — | $23.90 (−9.71%) |
Oct 13, 2026 12d ago | Insider Cluster | $27.15 | awaiting T+60 | — | $23.90 (−11.97%) |
Oct 13, 2026 13d ago | SC 13D/A | $27.15 | awaiting T+60 | — | $23.90 (−11.97%) |
Oct 5, 2026 20d ago | Insider Cluster | $24.76 | awaiting T+60 | — | $23.90 (−3.47%) |
Oct 2, 2026 24d ago | Insider Cluster | $25.24 | awaiting T+60 | — | $23.90 (−5.31%) |
Oct 2, 2026 24d ago | SC 13D/A | $25.24 | awaiting T+60 | — | $23.90 (−5.31%) |
Oct 1, 2026 24d ago | Insider Cluster | $24.70 | awaiting T+60 | — | $23.90 (−3.24%) |
Sep 29, 2026 26d ago | SC 13D/A | $24.65 | awaiting T+60 | — | $23.90 (−3.04%) |
Sep 21, 2026 4w ago | Insider Cluster | $24.03 | awaiting T+60 | — | $23.90 (−0.54%) |
Sep 21, 2026 5w ago | SC 13D/A | $24.03 | awaiting T+60 | — | $23.90 (−0.54%) |
US Market Status
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