Bullish
GameStop CEO Ryan Cohen buys 700,000 shares, stock rises 2.45% to $24.70.
In the past 24 hours, GameStop's stock price increased by 2.45% to $24.70 following CEO Ryan Cohen's purchase of 700,000 shares at an average price of $24.41, totaling approximately $17.1 million. This insider buying activity signals confidence in the company's future prospects.
Key points
- Ryan Cohen's $17.1 million purchase of 700,000 shares indicates strong insider confidence.
- GameStop's stock price rose 2.45% to $24.70 following the purchase.
- The purchase price of $24.41 per share is below GameStop's 52-week high of $26.88.
Sources
AI-generated from public news sources. Not financial advice.
