Ryan Cohen's $20 Million Bet: A High Stakes Gamble or a Smart Move? GameStop CEO Ryan Cohen has acquired 1 million company shares for approximately $20.
37 million, sending shockwaves through the market and pushing GME stock higher by 15% since its August low.
This move is seen as bullish, but it's worth examining whether Cohen's actions are merely a confident assertion of his faith in GameStop's turnaround or a cleverly calculated play to boost investor confidence.