A Director Joins Cohen's Buying, But the Tape's Stretched
Two days after Ryan Cohen's $10.5 million check, a first-time director buyer at GameStop just added $254,540 to the specialty game and collectibles retailer. Five insiders in 30 days is a real cluster, and insiders on this name have been right about two-thirds of the time at 30 days. The problem is the entry. RSI near 70, MFI in the 70s, and price running 6% above its 8-day average means you're chasing strength, not catching a washout, with discretionary stocks getting hit across the board right now. The insiders are lined up, but $17.79 support is a long way down if this stalls.
The Filing
| Ticker | GME |
| Company | GameStop Corp. |
| Insider | Nat Turner, Director |
| Buy amount | $254,540 |
| Filing date | October 1, 2026 |
| Conviction | Interesting · 53/100 |
| Setup type | Momentum Ride |
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