GameStop Stock Gains 3%, Grab Rises 4% as CEOs Buy Millions Worth of Shares in Their Own Companies

• GameStop stock gained 3% after hours after Ryan Cohen bought $26.4 million in shares, taking his September purchases to roughly $46.8 million
• Grab stock rose about 4% as CEO Anthony Tan disclosed a $29.9 million purchase of 10.35 million shares
• Grab COO Alex Hungate bought another $866,838 in shares, bringing the two executives’ combined investment to approximately $30.7 million

GameStop stock rose about 3% in after-hours trading Monday after Ryan Cohen disclosed another purchase of the retailer’s shares. Grab stock was also up roughly 4%, with a separate filing showing a substantial investment by CEO Anthony Tan. Both executives added to their holdings on September 21. The purchases ran into tens of millions of dollars, but the filings also revealed something beyond the money spent. Cohen was buying again, and Tan had company.

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GameStop CEO Makes Another September Purchase

The GameStop CEO bought 1,150,680 shares at an average price of $22.9375, spending approximately $26.4 million. His SEC filing puts his direct holdings at 40,498,522 shares following the transaction. Individual purchases ranged from $22.76 to $23.02.

Cohen had already purchased one million shares on September 10 at an average of $20.3759. Together, those two transactions represent approximately $46.8 million spent on 2.15 million shares in less than two weeks. He paid more per share in the latest purchase, adding to his position as the price increased.

The buying comes after a quarter that showed progress on profitability alongside weaker revenue. GameStop reported second-quarter operating income of $160.2 million, while net sales declined to $790.2 million from $972.2 million a year earlier. Collectibles revenue increased 57% to $356.3 million, accounting for 45% of sales, according to latest reports.

The after-hours gain in GME stock followed the purchase disclosure. Whether it lasts will also depend on the retailer’s ability to sustain those profits as its sales mix changes.

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Grab Stock Draws Buying From Two Executives

Tan’s purchase was larger. He acquired 10.35 million Grab shares at a weighted average price of $2.8866, spending approximately $29.88 million.

The filing details show purchases between $2.83 and $2.91. His directly held Class A shares rose to 10,778,498 following the transaction. This figure describes the holdings reported in this filing, rather than his total economic or voting interest in Grab.

President and chief operating officer Alex Hungate also bought shares on September 21. He purchased 299,571 at an average price of $2.8936, spending approximately $866,838, according to reported transaction details.

Together, the two Grab executives invested roughly $30.7 million. Those purchases increase their personal exposure to the company’s performance, although neither filing establishes that the shares are undervalued.

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