GameStop stock rises following CEO's share purchase

Investing.comApr 3, 2025 10:26 PM

View all comments（0）



Investing.com -- GameStop Corp (NYSE:GME) shares climbed 3.6% in after-hours trading on Thursday after CEO Ryan Cohen disclosed the purchase of 500,000 additional shares of the company, signaling a strong vote of confidence in the video game retailer's future.

Cohen's acquisition of half a million shares, valued at $10.8 million, was reported in an amended 13D filing with the Securities and Exchange Commission (SEC). The transaction, executed at an average price of $21.55 per share on April 3, 2025, increased Cohen's ownership to 37,347,842 shares.

This move comes on the heels of GameStop's recent announcement last week, which caught the market's attention when the board unanimously approved an update to its investment policy, incorporating Bitcoin as a treasury reserve asset. The company has also completed an offering of Convertible Senior Notes, raising $1.48 billion, with the proceeds earmarked for Bitcoin purchases.

The market's reaction to Cohen's share purchase reflects optimism around his commitment to the company.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

SK Hynix Surges Over 4% as Q3 Results Hit Record High, Returning $75 Billion to Shareholders

SK Hynix reported a record-breaking Q3 operating profit while announcing a massive 100 trillion won (approximately $75 billion) shareholder return plan, sending its stock price surging 4%.

Today’s Market Recap: $63 Billion Anthropic Compute Financing Lifts Chip Stocks, Broadcom Gains 4%, CRWV Rises Nearly 8%, Boeing Falls Over 10%

TradingKey - On October 27, Eastern Time, all three major U.S. stock indexes closed higher, with the Nasdaq and the S&P 500 gaining for the second consecutive trading day. AI-related stocks continued to lead the rally, while a $63 billion computing power financing deal involving Broadcom (AVGO) lift

KOSPI Tops 5,800, Kioxia Jumps Over 4% as SK Hynix Revenue and Profit Hit Record Highs

The KOSPI surged over 3%, Kioxia jumped 4%, Samsung and SoftBank joined the rally, and SK Hynix unveiled a massive 100 trillion KRW in shareholder returns.

US Stocks Close: Nasdaq Rises Over 1%, Philadelphia Semiconductor Index Gains Over 3%; Chip Stocks Extend Rally, CoreWeave Gains Nearly 8%

On Tuesday, October 27, Eastern Time, U.S. stocks moved higher, with chip stocks extending their rally to drive the Nasdaq to lead the gains. Amid falling oil prices, investors continued to assess a heavy slate of corporate earnings reports while focusing on the Federal Reserve's interest rate meeting. At the close, the Dow Jones Industrial Average rose 0.03% to 52,377.57 points; the Nasdaq Composite Index gained 1.18% to 26,477.81 points; and the S&P 500 Index advanced 0.60% to 7,722.60 points.

Amazon Q3 Earnings Preview: AWS Growth Expected to Rise to 41%, Wall Street Top Price Target $400

TradingKey - Amazon (AMZN) will release its third-quarter 2026 financial results after the U.S. market close on October 29, Eastern Time, and hold an earnings conference call at 17:00 on the same day.

Featured Tools