GameStop CEO Ryan Cohen bought 450,000 shares in a transaction disclosed in a late-Tuesday Form 4 filing, adding to a yearlong accumulation pattern that has brought his direct ownership to 40,948,522 shares. Cohen has bought 3,600,680 shares over the past year and sold none, including 2.6 million shares acquired in September for roughly $57 million, according to the available trading details. Director Lawrence Cheng also bought 55,000 shares on September 8. GameStop shares were recently quoted at $24.35, up 2.47%, after trading at $24.32 in the technical analysis. The stock remains above its 20-day, 50-day and 200-day simple moving averages, while a positive MACD reading points to stronger near-term momentum. Resistance is identified near $25.50 and support near $21.00. The insider buying follows a mixed fiscal second-quarter report, including record quarterly operating income of $160.2 million, a revenue decline to $790.2 million, higher net income, more than $650 million in fiscal 2026 adjusted EBITDA guidance, $5.4 billion in liquid assets and a separately valued $4.9 billion eBay investment. Investors are also monitoring GameStop's unresolved $125-per-share eBay acquisition proposal and warrants expiring October 30 with a $32 exercise price.