GameStop Corp. (GME) CEO Ryan Cohen was active again in snapping up shares of the videogame retailer. Per an SEC filing, Cohen bought another 500,000 shares of GME during the week at a weighted average price of $21.60 per share. Cohen holds an aggregate position in GameStop (GME) of 42,082,626 shares, including warrants. Cohen has picked up more than 1.5M shares over the last year to take his total position in GME to about 9.3%.
Interestingly, it was five years ago this month that GameStop (GME) became the epicenter of the financial world with a stunning rally led by retail investors that flipped the script on some notable hedge funds. What started as an underdog bet on a video game retailer turned into a cultural phenomenon with a story so dramatic it ended up on the big screen.
Shares of GameStop (GME) were down 0.6% in postmarket trading to $23.01. The stock is up more than 15% on a year-to-date basis. Short interest on GME stands at 14.7% of the total float.