GameStop CEO Ryan Cohen purchases $26.4 million in company stock

GameStop CEO Ryan Cohen bought about 1.15 million shares of the company on September 21. He paid roughly $26.4 million in total, at around $22.94 per share. GameStop director Alain Attal also bought shares the same day, spending about $402,000. When company leaders buy their own stock, investors often see it as a sign that those leaders believe the company will do well. Cohen had already bought shares earlier in the same month, so this was his second purchase in a short time. After news of the purchases became public, GameStop's stock price went up by 3 percent.