CEO of GameStop (GME) - Get Report  and J.C. Penney (JCP) - Get Report board member Julian Raines has acquired 5,012 shares of J.C. Penney shares at $3.99 per share, according to a new filing with the SEC.

Shares of the department store company were climbing in after-hours trading on Tuesday.

This most recent stock purchase puts Raines' total shares owned in J.C. Penney at 75,687, according to the form. The move comes at a time in which J.C. Penney shares have fallen over 50% year-to-date. Shares are lower over 21% in the past three months alone.

The company reported a wider-than-expected second quarter loss on Aug. 1 and suffered its worst three-day trading stretch shortly thereafter.

More of What's Trending on TheStreet:

• United Technologies Takes Down Dow and North Korea Wrecks Rest of Market
• Why Apple Essentially Now Owns the Entire High-End Smartwatch Market
• Delta's Guidance Cut That Everyone Expected Sends Airline Stocks Lower
• Tesla's Elon Musk Just Predicted World War 3 -- Here's What He Sees as the Cause