GameStop shares rise after Ryan Cohen buys 1 million shares on the open market

Regulatory filings show GameStop CEO and Chairman Ryan Cohen bought 1 million shares in the open market, a strong insider-confidence signal that tightened sentiment and extended the stock's after-hours gains (~4%). The purchase can improve near-term risk appetite in GME by reinforcing the insider alignment narrative and potentially drawing incremental speculative flow, while also heightening sensitivity to any follow-on disclosures or liquidity-driven volatility.