Cohen Adds $26M More, But RSI at 76 Says Wait

ISB Research · Interesting · sent to Ultimate members September 21, 2026

Ryan Cohen just wrote another $26.4 million check for GameStop, the specialty retailer selling new and used games, hardware, and collectibles. This is his second buy this month, and it pushes his 30-day total past $46 million with three other insiders alongside him. The cluster and the CEO-chairman conviction are real, and insider buys on this name have paid off two out of three times inside 30 days. But the entry is stretched. RSI at 76 and money flow near 88 mean the tape's running hot, so buying here means paying up for a name Cohen was accumulating cheaper. Watch for a pullback toward the $21.53 support before chasing.

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