CEO of GameStop (GME)  and J.C. Penney (JCP) 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:

More from Stocks

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Complying With GDPR Could Be Costly for Facebook, Google and Other Tech Giants

Complying With GDPR Could Be Costly for Facebook, Google and Other Tech Giants

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

North Korea, Apple, GPDR and Gap - 5 Things You Must Know

Market Can't Handle the Wild Ride: Cramer's 'Mad Money' Recap (Thursday 5/24/18)

Market Can't Handle the Wild Ride: Cramer's 'Mad Money' Recap (Thursday 5/24/18)

Replay: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation

Replay: Jim Cramer on North Korea, Oil Prices, Apple and Carnival Corporation