STOCK OF THE DAY | $GME — THE CEO IS BUYING AGAIN

$GameStop(GME)$  is back on my radar — and this time, it’s not just because of the meme-stock history.

The interesting part is what’s happening behind the ticker.

CEO Ryan Cohen just bought another 450,000 GameStop shares for about US$10.6 million on the open market, at an average price around $23.48. That came after additional large purchases earlier in September. 

That makes the insider activity hard to ignore.

Cohen now beneficially owns roughly 8.8% of GameStop, including warrants. 

What makes GME interesting to me isn’t simply “CEO buying = stock goes up.” It’s the size and frequency of the purchases. The market has seen plenty of insider transactions, but repeatedly putting tens of millions of personal capital into the same company is a very different signal.

At the same time, GameStop still has plenty to prove. The traditional retail business remains challenging, and the stock can be extremely volatile. Insider conviction doesn’t guarantee the operating turnaround will work.

But that’s exactly why I think GME is worth watching.

📌 What I’m watching:

• Continued insider buying

• Whether the business can keep improving profitability

• Collectibles and other higher-margin opportunities

• How management deploys its substantial capital

• Whether the recent momentum can hold without another retail-trading frenzy

GME is definitely not a boring stock.

For me, the interesting question isn’t whether GameStop can recreate its old meme-stock moves. It’s whether management can turn that enormous balance sheet and renewed insider conviction into a sustainable business story.

Sometimes the most interesting stocks aren’t the ones everyone is talking about.

They’re the ones where management is putting its own money on the line.