A Repeat Buyer Puts Another Million Into GameStop
Lawrence Cheng added $1,033,956 to GameStop at $18.80, and he's been here before. That matters more than the meme-stock noise, since insider buys on GME have paid off roughly two-thirds of the time at 30 days with a solid edge over the market. The setup is quietly interesting too. Price has reclaimed the 8-day and it's pressing up against the 20-day. If those cross, systematic buyers tend to follow, which puts Cheng in front of the crowd. The catch is the longer timeframes still read sell, so this is one to watch rather than chase, and getting in under his $18.80 makes more sense than paying up.
The Filing
| Ticker | GME |
| Company | GameStop Corp. |
| Insider | Lawrence Cheng, Director |
| Buy amount | $1.0M |
| Filing date | September 8, 2026 |
| Conviction | Interesting · 52/100 |
| Setup type | Accumulation |
Ultimate members received this analysis in real time.