GameStop stock gains 2.45 percent as CEO buys 700,000 shares

Published on 10/04/2026 at 12:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GameStop stock drew a USD 17.1 million CEO purchase disclosed on October 2, 2026. Fiscal Q2 revenue fell 18.7 percent while operating income rose to USD 160.2 million.

GME, US36467W1099, Illustration mit AI erstellt.

GameStop stock (ISIN US36467W1099) gained 2.45 percent to USD 24.70 on the NYSE on October 2, 2026, after CEO Ryan Cohen bought 700,000 shares for USD 17.1 million. The purchase gives the market a fresh signal of insider conviction while the retailer's latest results show a sharp shift toward collectibles.

CEO purchase adds a fresh signal

According to MarketBeat on October 2, 2026, Cohen acquired the 700,000 Class A shares at an average price of USD 24.41. The filing increased his direct holding to 41,648,522 shares, according to the same transaction report.

The transaction followed another purchase of 450,000 shares on September 29, 2026. Together, the disclosed purchases point to a sustained insider-buying theme, although the share price remains USD 2.18 below its 52-week high of USD 26.88.

Collectibles offset falling game sales

GameStop's second-quarter report, released on September 8, 2026, showed revenue of USD 790.2 million for the 13 weeks ended August 1, 2026, down from USD 972.2 million in the prior-year quarter. GameStop reported operating income of USD 160.2 million, up from USD 66.4 million, while adjusted EBITDA rose to USD 174.0 million from USD 75.7 million.

Collectibles were the clearest growth engine. Sales increased 57 percent year over year to USD 356.3 million and represented 45.1 percent of quarterly revenue, compared with 23.4 percent in the prior-year period. The category now exceeds video games, which generated USD 263.2 million and represented 33.3 percent of sales.

Stock stays below yearly high

GameStop stock traded between USD 23.88 and USD 24.70 on October 2, 2026, with volume of 13,125,473 shares. Its market capitalization was USD 12.5 billion on that date, while the 52-week range stood at USD 17.79 to USD 26.88.

The next investor test is execution: the company raised fiscal 2026 adjusted EBITDA guidance to more than USD 650 million, compared with more than USD 600 million previously. The operating improvement is substantial, but the revenue decline leaves the collectibles transition central to the investment case.