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BUZZ-GameStop stock rises as CEO purchases shares worth $10.5 million again

BUZZ-GameStop stock rises as CEO purchases shares worth $10.5 million again

路透社路透社2026/09/30 10:28
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- ** Video game retailer GameStop (GME.N) shares rose 1.7% in premarket trading to $24.16

** CEO Ryan Cohen disclosed the purchase of 447,000 shares of company Class A stock at prices ranging from $23.4753 to $23.4499 per share, for a total value of about $10.56 million, according to documents from the U.S. Securities and Exchange Commission (SEC)

** According to data compiled by London Stock Exchange Group (LSEG), Cohen currently directly holds 40.95 million shares, accounting for 8.12% of GME's total share capital

** Earlier this month, Cohen bought (link) 1.15 million shares worth $26.4 million and an additional 1 million shares (link)

** In August, GameStop made a non-binding offer to acquire eBay for $55.5 billion ($125 per share), but eBay's EBAY.O board rejected the offer

** The company's current price-to-earnings ratio is 13.03 times expected earnings for the next 12 months, slightly above the sector median of 12.61 times

** As of the previous trading day's close, the stock was up 18.33% year to date


(To assist non-English speakers, Reuters has automated its reports into several other languages. Since automated translation may include errors or lack necessary context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for readers' convenience. Reuters accepts no responsibility for any damage or loss arising from the use of the automated translation service.)

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