BUZZ - GameStop stock rises as CEO Ryan Cohen invests another $17 million to buy company shares

October 2 - ** Video game retailer GameStop (GME.N) rose 1.6% in after-hours trading to $25.10

** According to a filing with the U.S. Securities and Exchange Commission (SEC), CEO Ryan Cohen purchased $17 million worth of GME shares on Friday (link)

** Cohen currently directly holds about 41.65 million GME shares, which is slightly more than 8% of GME's total equity

** According to data compiled by the London Stock Exchange Group (LSEG), he previously bought about $57 million worth of GME shares in September (link)

** Analysts say that share buybacks and insider purchases are among the strongest signals a company can send to the market

** In August, GameStop made a non-binding offer to acquire eBay for $55.5 billion ($125 per share), but eBay's EBAY.O board rejected the proposal

** As of the previous trading day’s close, GME shares had gained 23% year to date

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