GameStop Stock Selloff Explained - Buy Chance or Value Trap?
GME dives over 20% as investors react to Bitcoin buys and declining revenues, despite improved profitability and cost cuts.
GameStop shares tumble after announcing $1.75B convertible notes offering
Shares of GameStop Corp (NYSE:GME) sank 19.5% on Thursday morning after the video game retailer unveiled plans to raise up to $1.75 billion through a private offering of zero-coupon convertible senior notes due 2032. The offering includes an option for initial purchasers to buy an additional $250 million in notes within 13 days of issuance, the company said.
GameStop Stock Is Plunging. Bitcoin Plans Aren't Going Down Well.
The videogame retailer is raising $1.75 billion in bonds that can convert to stock.
GameStop shares tank on convertible bond offering to potentially buy more bitcoin
The video game retailer announced plans for a $1.75 billion convertible notes offering to partially fund its bitcoin purchase.
GameStop Turns a Profit, But Core Business Keeps Shrinking
The takeaway for investors is that GameStop is now in a race to determine whether it can generate a profit on Bitcoin, doing so sustainably and with a significant impact, to remain afloat without eroding its shareholder value.
GameStop-Themed Crypto Skyrockets Over 500% After Retailer Announces $1.75 Billion Investment Plan
A cryptocurrency named after GameStop Corp. GME blasted to triple-digit gains Wednesday after the video game retailer announced plans to raise over a billion dollars for investment purposes.
GameStop hints at its next bitcoin buy. The stock is tumbling.
GameStop Corp. late Wednesday said it plans to raise more debt — a move that could indicate another bitcoin purchase is looming for the videogame retailer and original meme stock.
GameStop Q1 Earnings Beat Estimates, Collectibles Sales Improve Y/Y
GME tops Q1 earnings expectations as collectibles jump 55% and cost cuts drive higher margins despite falling sales.
GameStop: Positive Cash Flows And
GameStop has significantly improved its cash position and reduced debt, strengthening its financial stability. Q1 results highlight material operational improvements in the cash flow, yet still a shrinking business. The company's recent accumulation of Bitcoin puts it in a similar camp as MSTR now, vying for "BTC yield."
GameStop Drops as Q1 Sales Miss Offsets Earnings Beat
GameStop shares drop nearly 5% after Q1 revenue misses estimates, despite earnings beat. Traders doubt retail strength and crypto strategy's near-term value.
GameStop Stock Slides as Sales Decline
GameStop (GME) shares fell in extended trading Tuesday as the retailer's quarterly revenue declined.
Bitwise Unveils First-Ever GameStop Covered Call ETF
Bitwise Asset Management has expanded its ETF lineup with the launch of the Bitwise GME Option Income Strategy ETF (IGME) on NYSE Arca today. According to the prospectus, IGME will not hold any GameStop shares.
