the meme stock jumped as high as about 20 in afterhours trading tuesday after a 30 rally during the regular trading session gamestop chairman ryan cohen just bought another 100000 shares of the video game retailer on tuesday bringing his ownership to 119 as the activist investor tries to push the company into ecommerce cohen purchased these shares through his investment company rc ventures at a cost as low as 9681 and as high as 10882 apiece according to a regulatory filing now he owns a total of 9101000 gamestop shares cohen cofounded petsupply retailer chewy and managed to turn it into a booming business the investor was tapped by gamestop early last year to serve as chairman of a special committee formed by its board to help its transformation soon after his appointment gamestop experienced a jawdropping short squeeze that sent shockwaves across wall street a band of retail investors came together in online chatrooms encouraging one another to pile into gamestops stock and call options to squeeze out short sellers the stock ended 2021 up more than 680 just two weeks ago cohen revealed a big stake in bed bath  beyond and pushed for a turnaround he wrote a letter to the company board saying the housewares retailer is struggling to reverse market share losses and navigate supply chain woes