The CEO's $20.4M open-market purchase is the strongest insider signal at GME in this window, particularly given the mixed Q2 earnings. Monitor for any 8-K filing with updated guidance or strategic announcements that could explain the timing. The cluster's modest size relative to market cap suggests a sentiment signal rather than a fundamental catalyst.
Price Chart
Executive Summary
GameStop CEO Ryan Cohen and two directors made open-market purchases totaling $21.6M over three days, with Cohen alone buying 1M shares for $20.4M. This cluster follows a mixed Q2 earnings report showing a ~20% revenue decline but strong profitability gains, and the CEO's large personal buy signals conviction despite the top-line weakness. The purchases represent ~0.24% of market cap, a modest but notable insider vote of confidence given the CEO's participation.
Key Financial Metrics
Key Facts
- CEO Ryan Cohen purchased 1,000,000 shares at $20.38 for $20.38M on 2026-09-10
- Director James Grube purchased 10,255 shares at $19.12 for $196K on 2026-09-09
- Director Lawrence Cheng purchased 55,000 shares at $18.80 for $1.03M on 2026-09-08
- Total cluster value: $21.61M, representing ~0.24% of GME's $8.9B market cap
- Cluster follows Q2 preliminary results with revenue down ~20% YoY but operating income more than doubled
Financial Impact
CEO and two directors purchased $21.6M in open-market shares, ~0.24% of market cap
Risk Factors
- Revenue declined ~20% YoY in the prior quarter, capping fundamental upside
- GME's historical T+20 win rate on prior reports is only 22%, suggesting limited follow-through
- Insider purchases at this scale are still only 0.24% of market cap, not transformative
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GME-1789077697475 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $21.15 $22.64 | ▲ +7.04% | ▲ +7.27% | $24.70 (+16.78%) |
Sep 9, 2026 22d ago | Insider Cluster | $20.39 $22.77 | ▲ +11.67% | ▲ +12.17% | $24.70 (+21.14%) |
Aug 31, 2026 4w ago | 8-K | $18.38 $18.89 | ▲ +2.77% | ▲ +2.92% | $24.70 (+34.39%) |
Aug 3, 2026 8w ago | 8-K | $19.06 $18.79 | ▲ +1.42% | ▲ +3.44% | $24.70 (−29.59%) |
Jul 20, 2026 10w ago | 425 | $21.76 $21.17 | ▼ −2.71% | ▼ −2.29% | $24.70 (+13.51%) |
Jul 17, 2026 10w ago | 425 | $21.76 $21.17 | ▼ −2.71% | ▼ −2.29% | $24.70 (+13.51%) |
Jul 14, 2026 11w ago | 425 | $22.43 $21.76 | ▼ −2.99% | ▼ −1.69% | $24.70 (+10.12%) |
Jul 8, 2026 12w ago | 8-K | $21.70 $22.43 | ▲ +3.36% | ▲ +2.50% | $24.70 (+13.82%) |
Jul 7, 2026 12w ago | Insider Cluster | $22.20 $22.43 | ▲ +1.04% | ▲ +0.48% | $24.70 (+11.26%) |
Jul 2, 2026 13w ago | 425 | $22.82 $21.95 | ▼ −3.81% | ▼ −4.74% | $24.70 (+8.24%) |
US Market Status
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