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GME stock tanked after it disclosed a $1.3 billion convertible note offering to fund Bitcoin purchases amid a strategic pivot.
Wedbush said GameStop’s $1.3 billion debt offering might not get enough investor participation.
Shares fell 22% a day after the company said it would raise $1.3 billion by issuing convertible bonds and use the proceeds to buy the cryptocurrency.
GameStop shares plunged Thursday after the company's plans to sell debt to fund purchases of bitcoin raised some questions on Wall Street
Why GameStop (GME) Shares Are Getting Obliterated Today
GameStop isn't out of the weeds but may have signaled the game-changing move that will ensure its long-term survival. Analysts aren't impressed.
Wall Street ended sharply lower on Wednesday, weighed down by tech and auto stocks as uncertainty over impending U.S. tariffs unsettled investors. A report suggesting President Donald Trump may announce...
nvestors, who expect the Bitcoin reserves to link GameStop stock to the crypto asset's price and potentially boost shares, pushed GME shares 12% higher. However, the rally did not hold.
GameStop GME shares popped +11% in today’s trading session as the world’s largest video game retailer was able to crush its Q4 earnings expectations after-market hours on Tuesday.Fueling the rally,...
Drops for Nvidia, Tesla and other former superstars dragged Wall Street lower
For a stock that was so widely loved and hated at the same time, GameStop (GME) has sort of wilted away from the public eye. Once the center of the Reddit r/WallStreetBets, GME shares have been trading...
GameStop (GME) Shares Skyrocket, What You Need To Know
GameStop stock is rallying on Wednesday after announcing plans of investing in BTC and reporting strong Q4 results. But is that enough to consider buying GME shares?
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Best Buy has underperformed the Nasdaq over the past year, but analysts are moderately optimistic about the stock’s prospects.
June S&P 500 E-Mini futures (ESM25) are trending down -0.07% this morning as cautious investors refrain from making big bets amid uncertainty about U.S. President Donald Trump’s upcoming tariffs.
GameStop (GME), the struggling video-game retailer that rose to fame during the 2021 meme stock frenzy, has approved a plan to add Bitcoin as a treasury reserve asset. Seeking to emulate the success of...
GameStop (NYSE: GME) just took its most audacious swing yet—and it’s not at the bargain bin. The original meme stock darling confirmed late Tuesday that it will begin buying Bitcoin (BTCUSD), adding...
GameStop’s seesawing stock price surged 7% late Tuesday after the video game retailer disclosed plans to invest some of its cash in cryptocurrency