Ryan Cohen Buys Another $26 Million Worth of GameStop Stock
GameStop CEO Ryan Cohen bought 1.15 million shares on Sept. 21 at $22.94, spending about $26.4 million. His stake is now about 8.7%.
GameStop CEO Ryan Cohen bought 1.15 million shares on Sept. 21 at $22.94, spending about $26.4 million. His stake is now about 8.7%.
Ryan Cohen bought 1 million GameStop shares for $20.4 million. Other directors also purchased shares after the company’s Q2 sales beat estimates, as GameStop continues to pursue a deal with eBay.
GameStop shortens the VWAP window, sets a fixed 55.5M-share package, and guides Q2 sales above thin estimates with much higher operating profit.
GameStop CEO Ryan Cohen may withdraw the $56 billion eBay takeover bid and pursue a partnership instead, using its 1,600 U.S. stores for collectibles.
GameStop trades $1.4B zero-interest notes for equity. Debt drops, shares increase.
Ryan Cohen continues his pursuit of the company after a $56B offer was rejected.