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Cohen has bought GameStop five times in 33 days. His previous cadence was once every 233 to 292 days — and he has never, since 2023, paid above $23 a share until three weeks ago
The gaps between his GME purchases went 292 days (3 Apr 2025 → 20 Jan 2026), then 233 days (20 Jan → 10 Sep 2026), and then 11, 8, 3 and 11 days. That is a roughly twentyfold compression of his own buying frequency, and it starts seven days after the company closed a $1.4bn debt-for-stock exchange.
The price discipline broke at the same moment. Every GME purchase in his record from June 2023 onward sat in a band of $20.38 to $22.94. The last three are $23.48, $24.41 and $26.98 — the first prints above $23 since March 2022, and the most expensive shares he has bought in the post-2022 regime.