GameStop rallies after CEO Ryan Cohen purchases $10.6 million in company stock
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GameStop CEO Ryan Cohen has purchased $10.6 million worth of company stock, acquiring 500,000 shares at an average price of $21.12. This move increases his ownership to approximately 8.45%, making him the largest individual shareholder. GameStop's shares rose nearly 2% in premarket trading following the announcement. Cohen's recent stock purchase comes alongside a proposed long-term pay package tied to the company's performance. Additionally, board member Alain Attal bought $251,000 in GameStop stock on the same day.
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