A GameStop Insider Buys Company Shares Worth $1 Million on the Day the Retailer Reported Earnings
The insider's purchase increased their total position by a massive 62% amid the stock's 19% one-year decline.
Overview
Board of Directors member Lawrence Cheng reported a purchase of 55,000 shares of GameStop Corp. (NYSE:GME) in an SEC Form 4 filing dated September 8, 2026.
Transaction value based on SEC Form 4 weighted average purchase price ($18.80); post-transaction value based on September 08, 2026 market close ($18.89).
Details
GameStop Corp. operates as a prominent specialty retailer in the consumer cyclical sector with a market cap of $8.7 billion. The company maintains a diversified product portfolio spanning collectibles, gaming hardware, software, and accessories, positioning itself as a destination retailer for specialty and entertainment products across multiple geographic markets.
Source
Originally published at www.fool.com.