Cohen's second open-market purchase this month lifts his total stake to roughly 9.1% as GME trades near its 52-week highs
Ryan Cohen keeps buying GameStop stock. He is not buying it cheaply.
On October 13, 2026, the GameStop CEO, Chairman and President picked up 844,130 shares of the company’s Class A common stock (GME) on the open market. He spent approximately $22.8 million, or nearly $23 million for those who prefer round numbers in their headlines.
The details of Cohen’s latest GameStop buy
Cohen paid between $26.75 and $27 per share in the October 13 transactions. These were open-market purchases. He bought through the same exchange any retail trader uses, rather than receiving shares as compensation.
The latest purchase follows an earlier one on October 2. On that date Cohen bought 700,000 shares for about $17.1 million, at a weighted average of approximately $24.41 per share.
Put those two trades side by side and the pattern is hard to miss. In roughly eleven days, Cohen’s cost per share climbed from the mid-$24 range to as high as $27.
The October activity also follows a September stretch in which his purchases included blocks valued at over $57 million. Taken together, 2026 has been a year of steady insider accumulation at escalating prices.
How big is Cohen’s stake now
After these trades, Cohen’s direct beneficial ownership stands at roughly 42.5 million shares.
Including warrants, Cohen’s stake comes to about 46.2 million shares. That works out to around 9.1% of the company.
How the market reacted
GME closed regular trading at $27.22, close to its 52-week highs. Shares then posted a modest gain in after-hours trading once the purchase became public.
The stock reportedly rose approximately 3% following news of the latest buying spree. Year-to-date, GME is up 35.6%.
Note the closing price. Cohen’s October 13 purchases topped out at $27, just below that $27.22 close. In other words, he bought at roughly the level where the stock was already trading near its yearly peak.
Background: Cohen and GameStop
Cohen holds three titles at GameStop: CEO, Chairman and President. That concentration of roles gives him unusual influence over both the company’s strategy and its board.
What to watch next
Does Cohen keep buying, and at what prices? His September, early October and mid-October purchases form a clear trend. Another purchase would extend it, while a long pause could change how the market reads his intentions.
Investors should also keep an eye on whether GME holds near its 52-week highs once the headline effect fades.
