GameStop Jumps 4% as Ryan Cohen Buys 1.15 Million More Shares

Quick Read Ryan Cohen bought 1.15 million GME shares at $22.94, his second seven-figure open-market purchase in two weeks, pushing the stock up 4% on top of a 30% monthly gain. GameStop holds $4.9 billion in EBAY shares, and Cohen's acquisition proposal, which was rejected by eBay's board, may shift toward a partnership or joint venture. The market's muted 4% response signals traders view Cohen's accumulation as a price floor, not a catalyst, until GameStop delivers an operating update. Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and eBay didn't make the cut. Enter your email to see the names that beat EBAY. The report is free. Enter your email and see if any of your stocks made the cut.