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00:02GameStop shares climbed to a fresh 52-week high Monday,
00:06extending a rally fueled by insider purchases and an approaching warrant deadline, according to Benzinga.
00:11CEO Ryan Cohen purchased 700,000 shares for approximately $17.1 million on October 2nd,
00:18following several multi-million dollar purchases in September.
00:21Two other directors also purchased shares in September and October.
00:24GameStop's warrants expire October 30th,
00:27allowing holders to purchase shares at $32 before they become worthless.
00:31The stock has gained approximately 27% over the past year,
00:34after falling to a low of $17.79 in August.
00:38Monday's gains pushed shares above their 20-day, 50-day, and 200-day moving averages,
00:43signaling stronger short-term momentum.
00:45Shares were up 1.05% at $26.84 on Monday, according to Benzinga Pro.
00:51For all things money, visit Benzinga.com.
