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00:03GameStop shares rose in after-hours trading Tuesday after CEO Ryan Cohen disclosed another
00:07major stock purchase, according to Benzinga.
00:10Cohen bought 844,130 shares in two transactions at prices of $26.75 and $27 per share, bringing
00:19his total holdings to approximately 42.49 million shares.
00:22The purchase marks Cohen's fifth reported stock buy in just over a month.
00:26Earlier this year, GameStop approved a performance-based compensation package for Cohen, but removed
00:31it in June as the company focused on a potential eBay acquisition.
00:35GameStop shares gained 2.13% in extended trading to approximately $27.80, reaching new 52-week
00:43highs according to Benzinga Pro.
00:44For all things money, visit Benzinga.com.
