Ryan Cohen Buys 500,000 Shares of GameStop (NYSE:GME) Stock

Key Points

• CEO Ryan Cohen bought 500,000 shares at an average price of $21.12 (≈$10.56M), raising his direct stake to 37,847,842 shares—a 1.34% increase—according to an SEC filing.
• GME shares rallied ~6.5% to $23.10 on unusually heavy volume, with a market capitalization around $10.35 billion and a P/E of 28.17.
• Analyst sentiment is mixed to negative: Weiss Ratings downgraded GME to a "sell," and the MarketBeat consensus target sits at $13.50.

GameStop Corp. (NYSE:GME - Get Free Report) CEO Ryan Cohen bought 500,000 shares of the company's stock in a transaction on Tuesday, January 20th. The shares were acquired at an average price of $21.12 per share, with a total value of $10,560,000.00. Following the completion of the acquisition, the chief executive officer directly owned 37,847,842 shares in the company, valued at $799,346,423.04. This represents a 1.34% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GameStop Trading Up 6.5%

Shares of GME stock traded up $1.41 during mid-day trading on Thursday, reaching $23.10. The company's stock had a trading volume of 15,163,251 shares, compared to its average volume of 5,975,117. The firm has a market capitalization of $10.35 billion, a PE ratio of 28.17 and a beta of -1.23. GameStop Corp. has a 12-month low of $19.93 and a 12-month high of $35.81. The company's 50 day simple moving average is $21.47 and its 200-day simple moving average is $22.82. The company has a quick ratio of 9.77, a current ratio of 10.39 and a debt-to-equity ratio of 0.78.

GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings data on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. The firm had revenue of $821.00 million for the quarter, compared to the consensus estimate of $987.29 million. GameStop had a net margin of 11.08% and a return on equity of 9.75%. GameStop's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS. On average, research analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Key Headlines Impacting GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: CEO/chairman Ryan Cohen disclosed large open‑market purchases (roughly 500,000 shares reported), signaling strong insider confidence and prompting buying interest. GameStop CEO Ryan Cohen bought another 500,000 shares on January 21, 2026
• Positive Sentiment: Director Alain Attal purchased shares (12,000 shares disclosed; ~ $250k), a visible insider buy that supports management alignment with shareholders. Eye On Growth: Alain Attal Adds $259K Of GameStop Stock To Portfolio
• Positive Sentiment: Unusually heavy call‑option volume — ~292,154 calls bought (≈+64% vs. typical daily) — suggests speculative bullish positioning that can amplify intraday upside and volatility. (No direct article link available.)
• Neutral Sentiment: Coverage on experiential initiatives (e.g., a Silent Hill tie‑in) highlights potential longer‑term revenue levers, but analysts note these are uncertain as near‑term earnings drivers. Can GameStop’s Silent Hill Tie-In Reveal the Real Potential of Its Experiential Strategy (GME)?
• Negative Sentiment: Company announced large-scale store reductions — roughly 470 U.S. closures by month‑end (including ~30 in New York) — highlighting persistent brick‑and‑mortar revenue pressures and potential one‑time costs. GameStop shuttering 30 New York locations as part of nationwide closures linked to falling sales
• Negative Sentiment: Weiss Ratings recently downgraded GME to a "sell" and some analyst commentary remains skeptical, which could cap gains if momentum fades. MarketBeat GME coverage (includes Weiss Ratings note)

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of GameStop from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, January 16th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell" and a consensus target price of $13.50.

Hedge Funds Weigh In On GameStop

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in GameStop by 308.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company's stock valued at $26,000 after buying an additional 732 shares in the last quarter. City Holding Co. bought a new position in shares of GameStop in the third quarter worth about $30,000. EverSource Wealth Advisors LLC increased its position in shares of GameStop by 226.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company's stock worth $31,000 after acquiring an additional 886 shares during the period. Advisory Services Network LLC bought a new stake in GameStop during the 3rd quarter valued at $39,000. Finally, Bessemer Group Inc. increased its position in GameStop by 39.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,674 shares of the company's stock valued at $46,000 after purchasing an additional 471 shares during the period. Hedge funds and other institutional investors own 29.21% of the company's stock.

GameStop Company Profile

GameStop Corp. NYSE: GME is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop's retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage's in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.

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