Shares of GameStop climbed nearly 3% in extended trading after a regulatory filing revealed CEO Ryan Cohen bought more shares of his video game retailer.
Cohen increased his stake to 37.3 million shares from 36.8 million shares. The meme stock dropped 7% Thursday amid a broad market sell-off triggered by Trump’s tariff rollout.
GameStop recently raised $1.3 billion through the sale of convertible senior notes due in 2030 to buy bitcoin. The stock is down more than 32% this year.