GameStop stock jumps as CEO Ryan Cohen buys $26 million in shares

GameStop stock jumps as CEO Ryan Cohen buys $26 million in shares

Ines Ferré · Senior Business Reporter

Tue, September 22, 2026 at 5:30 PM GMT+3 1 min read

What happened: GameStop (GME) stock jumped about 4% on Tuesday.

What's behind the move: The video game retailer disclosed that its CEO, Ryan Cohen, bought roughly 1.1 million shares for $26 million.

GameStop shares have surged 30% over the past month as shown on Yahoo Finance's AlphaSpace chart.

What else you need to know: The stock has recovered after GameStop wiped out $1.4 billion in debt by paying off its bondholders with stock instead of cash.

GameStop also saw its profits rise in its last quarter. Its bottom line was boosted in part by its stake in eBay (EBAY).

Earlier this year, the company made an unsolicited $56 billion bid to purchase eBay, a move that was later rejected by the online marketplace.

(GME )

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As of 11:10:43 AM EDT. Market Open.

Ines Ferre is a senior business reporter for Yahoo Finance.

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