Four directors of GameStop joined Chief Executive Officer Ryan Cohen in purchasing the retailer’s stock as the share price posted its fifth consecutive weekly gain. Cohen has acquired approximately $57 million in shares since Sept 10, which brings his total direct ownership of the company to nearly 41 million shares.
The current buying streak includes a $17 million acquisition on Oct 2 and a $10.6 million purchase on Sept 30. These trades bring Cohen’s total stock purchases for the year to nearly $100 million, although the expenditures are only a small fraction of his overall net worth.
