GameStop has seen notable insider buying over the past week, including purchases by CEO Ryan Cohen and multiple board members. Michael Burry publicly confirmed a sizable, long-term position in GameStop, describing it as a value investment and backing Cohen’s leadership. These moves indicate growing confidence from insiders and well-known investors amid ongoing strategic shifts.
The company transferred its entire bitcoin position to Coinbase Prime, raising questions about future plans for digital asset exposure. The move underscores how crypto assets sit within GameStop’s balance sheet as it seeks to align with institutional custody and risk management.
Shares closed at $24.21, up 14.7% over the past week and 14.8% over the past 30 days. Year-to-date, the stock has risen about 17.4%, while trading over the past year reveals a 10.8% decline due to volatility. Against that backdrop, insider buying and Burry’s long-term stance provide new data points for investors as they weigh the stock’s longer-term 3-year and 5-year returns of 12.0% and 8.9%, respectively. The key questions for management are whether this insider activity and the shift to Coinbase Prime fit into a clear operating plan and whether the current price reflects that evolving story.
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