Correction - BUZZ - GameStop shares rise after its CEO purchases nearly $23 million worth of company stock

Correction to point 6: According to Bloomberg, this news was released in August, not May.

October 14 - ** Video game retailer GameStop (GME.N) shares rose 1.87% in pre-market trading to $27.73

** The company's CEO Ryan Cohen purchased $22.8 million (link) worth of shares, increasing his stake to 9.1%, according to U.S. Securities and Exchange Commission (SEC) filings

** Cohen bought 844,130 shares at a price between $26.75 and $27 per share

** This is Cohen's second stock purchase this month; previously, on October 2, he spent $17.1 million to buy shares, according to SEC filings

** GME made a $55.5 billion acquisition offer for eBay (EBAY.O) in May, valuing each share at $125, but eBay rejected the offer

** Bloomberg reported in August (link) that Cohen is considering alternative options for the eBay acquisition, including forming a partnership or establishing a joint venture

** As of the previous trading day close, GME shares hovered near a one-year high, with a cumulative gain of over 35% this year

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