Buybacks typically push a stock's price up by taking shares off the open market.
This week, GameStop officially approved another $2 billion of buybacks
No one knows when these buybacks will happen but here's a quick reminder of key levels for $GME as we head into uncharted territory:
$29 → Bond conversion unlocks
$32 → 59M warrants go ITM
$39 → Arb shorts cover (depending on how equity hedge was structured)
$45 → RC comp starts
$50+ → S&P 500 inclusion
For folks learning,
PE Ratio means Price / Earnings
$21.80 / 1.34 (earnings per share last 4 quarters together) = 16.27
Which means it would take 16.27 years for the company to earn as much money as the shares currently trade for.
When companies have a low PE that means they are priced cheaply relative to their earnings. Which is why I was buying Best Buy sub 60 when it had a PE ratio under 13. Tesla has a PE ratio of 358. At its current earnings rate it would take 358 years to buy its stock. But companies can grow quickly into their PE.
GameStop has been doing exactly that. We had a PE Ratio of 28 two weeks ago. Now it is 16. next quarter it could be 15.25.
Every time we post a year over year improvement on EPS like we just did, our EPS TTM (trailing twelve months or 4 quarters) improves. Denominator grows. But if price stays the same, as we've been tending to do, then PE falls.
People will notice this and increasingly see the company as a value proposition.
this is why you mfs will never be happy btw. Brunson married his beautiful high school sweetheart and will live a fulfilling life cuz he isn’t on the internet commenting on women’s looks 24/7 like u losers
she’s genuinely beautiful and they’re a cute couple
Ryan Cohen casually dropping $91 million from $GME into $EBAY shares directly in one day
Just for reference, his personal investment into $GME was around $76 million and he doesn't spend money frivolously
eBay is coming to Cohen & GameStop 🏴☠️
Inside ownership of $EBAY will continue to rapidly deteriorate while $GME and Ryan Cohen continue to accumulate the stock at any price
People don't understand what's going on here
$GME is gonna force it's way on the board and will force Ryan's agenda whether they like it or not
$GME will buy $EBAY for under $125 a share
And once that's completed, all the arbitrage traders of $GME will be bum fucked by the long dick of the longs
It takes time and patiece
Early earning release at resistance = dilute
Early earning release at support= pump
$GME GameStop new 13D filing now owns 9% of $EBAY
•827,648 shares as of June 5, 2026
•GameStop purchased the 827,648 shares for a total purchase price of $91,004,145.37 excluding fees and expenses. The source of funds used by GameStop to purchase such shares of Common Stock was cash from its working capital.
•39,046,658 shares of Common Stock underlying Put/Call Pairs
•The Put/Call Pairs have strike prices ranging from $84.739414 to $118.275965.
•Together, the 827,648 shares of Common Stock beneficially owned directly and the shares of Common Stock underlying Put/Call Pairs constitute approximately 9.0% of the outstanding shares of Common Stock
•In the event of physical settlement of the Put/Call Pairs, GameStop would have the sole power to vote or direct the vote of the shares of Common Stock underlying such Put/Call Pairs.
13D filing: https://t.co/g7waTkX2J2
Trading Data: https://t.co/vYhdndp2Mf
I can think of at least three things that could send $GME to $25 next week…..
-GameStop announces buybacks have begun
-RC drops a form 4
-10-Q PowerPack numbers nasty for two weeks of data
$GME GameStop Friday Night Breaking News:
GameStop files NEW 13D form on $eBay!
GameStop has spent ~$92.2M to acquire ~9.0% ownership in $eBay!
"Never been done before within the history of the capital markets".
Sure looks that way! @ryancohen
🚨 BREAKING $GME 13D JUST FILED
Stake: 9.0% of $eBay (39,874,306 shares)
827,648 shares owned directly (~$91 million spent)
~39 million shares via Put/Call Pairs (derivatives) with Toronto-Dominion Bank