GameStop stock jumps 31% after Ryan Cohen picks up 1 lakh shares

$GameStop(GME.US)$ chairman Ryan Cohen just bought another 100,000 shares of the video game retailer on Tuesday, bringing his ownership to 11.9% as the activist investor tries to push the company into e-commerce.

Cohen purchased these shares through his investment company RC Ventures at a cost as low as $96.81 and as high as $108.82 apiece, according to a regulatory filing. Now he owns a total of 9,101,000 $GameStop(GME.US)$ shares.

$GameStop(GME.US)$ shares closed 30.7% higher in Tuesday's regular trading session at $123.14 and further rose 16.3% in the after-hours session to $143.20.

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GameStop stock jumps 31% after Ryan Cohen picks up 1 lakh shares

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