EL7.AI
StocksMediumUpdated•Originally published 21 September 2026•Updated 22 September 2026•
1 min read

GameStop Shares Climb to $23 as CEO Ryan Cohen Doubles Down on Purchases

Key Facts

1GameStop CEO Ryan Cohen purchased an additional 1.15 million shares for a total of $26.4 million.
2The latest purchase increased Cohen's total stake in the company to over 40 million shares.

Amid growing optimism regarding the video game retailer's outlook, GameStop shares rose 4% to reach $23.00 in Tuesday morning trading on September 22, 2026. This rally follows the disclosure that CEO Ryan Cohen executed his second major multi-million share purchase within just two weeks, significantly boosting market momentum.

The recent price action is supported by consecutive insider buying activity, with reports highlighting this as the second significant transaction in a short window. Per market data, the stock has moved above its September 18, 2026 close of $22.64, signaling a bullish shift in sentiment among retail investors who view Cohen's activity as a definitive signal of value.

With the price reaching $23.00 during the September 22, 2026 session, traders are watching for the stock's ability to sustain this momentum above previous resistance levels. As the upcoming economic calendar remains light on retail-specific catalysts, market focus will stay fixed on the impact of continued executive buying on short-term price stability.