Ryan Cohen Drops $20.4M on GameStop, and the 8 Just Cleared the 20

ISB Research · Interesting · sent to Ultimate members September 10, 2026

The Cohen check dwarfs the director buy that hit earlier today, and it puts three insiders into this specialty gaming retailer inside a month. The 8-day just crossed above the 20-day yesterday, so momentum algos are starting to join the same trade Cohen already made at $20.38. Insider buys on this name have paid off about two-thirds of the time at 30 days with real alpha over the index, and Cohen is a repeat buyer here, not a first-timer testing the waters. One caveat to respect: discretionary retail is bleeding across every timeframe right now, and the long-term trend still reads sell, so this is Cohen betting against his own sector's tape.

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