GameStop CEO Cohen Buys Shares Worth Nearly $23 Million

3-line summary

• GameStop CEO Ryan Cohen bought roughly 844,130 shares for about $22.8 million at prices between $26.75 and $27 per share, according to a regulatory filing cited by Investing.com, disclosed Tuesday, October 13.
• The purchase raises Cohen's holdings to about 46.2 million shares, a 9.1% stake, and marks his second buy this month after a $17.1 million purchase disclosed in an SEC filing on October 2.
• The report notes GameStop's failed bid to acquire eBay earlier this year, after which Cohen reportedly shifted to exploring a partnership or joint venture; GameStop shares are up 35.6% year to date.

This summary is our own processing of the source article; see the source link below for full context.