GameStop Corp. (GME) is Attracting Investor Attention: Here is What You Should Know
Zacks.com users have recently been watching GameStop (GME) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
GameStop venturing into the world of crypto is a wild bet
Management is betting perhaps that the Trump administration's love of the digital coin on top of crypto speculation will help more people forget the vicissitudes of its real business, and shares would fly.
GameStop to Close ‘Significant Number' of Stores in Cost-Cutting Effort
GameStop said it expects to close a “significant number” of stores in fiscal 2025 after closing 970 stores in fiscal 2024.
GameStop shares fall after Bitcoin investment plan
Shares of GameStop fell more than 15% on Thursday after the company's plan to finance its bitcoin pivot raised questions about the timing of its move and its strategy to turn around its struggling retail business.
GameStop unveils new plan to save the company
GameStop has closed more than half of its locations worldwide over the past decade. Transcript: Kelsey Barberio: After closing more than 1,000 locations across the globe in the last year alone, GameStop announced more store closures.
GameStop shares plummet 15% as pivot to bitcoin alarms investors
"Why did (GameStop) wait so long if they were going to go down this road? Six months ago, nine months ago would have made a lot more sense," an analyst said.
Here’s What’s Driving Bitcoin’s March Higher
The bitcoin price is little changed at last check and is down 1.2% over the past 24 hours. The flagship cryptocurrency is up just over 3% in the past seven-day stretch but a better 10%-plus since its March bottom in the ballpark of $76,000. Investors might need to look at the BTC price through a slightly wider lens to appreciate its march higher this month. Meanwhile, bitcoin rival – precious metal gold – continues to hit new all-time highs above the $3,000 per ounce threshold. Gold is acting like the portfolio diversifier and inflationary hedge that it was designed to be. Bitcoin, on the other hand, has been more sensitive to the same market headwinds that are haunting stocks, including inflation, tariff uncertainty and worries of an economic recession. The bitcoin price remains 20% below its all-time high reached in early 2025 of just over $109,000 per BTC. Key Points The bitcoin price is little changed at the moment and has fallen 1.2% in the past 24 hours. The very same headwinds that are holding back the stock market appear to be limiting BTC to its current range. Nvidia made early investors rich, but there is a new class of ‘Next Nvidia Stocks’ that could be even better. Click here to learn more. Bitcoin Catalysts While bitcoin has its own monetary policy, including a supply limit of 21 million coins, the biggest crypto can still be swayed by what is going on with central banks. For example, BlackRock’s digital asset head Robert Mitchnick reportedly believes an economic recession in the U.S. would be a positive catalyst for the bitcoin price. If a recession were to rear its head, the Federal Reserve would likely pivot to more dovish monetary policy on interest rates. Video game retailer GameStop (NYSE: GME) reportedly has plans to add bitcoin to its balance sheet, taking a page out of the books of early movers like Tesla (Nasdaq: TSLA) and MicroStrategy (Nasdaq: MSTR). GameStop, the stock that was at the center of the WallStreetBets-fueled rally in 2021, plans to direct its cash flow toward acquiring bitcoins in the hopes of riding the cryptocurrency’s eventual rise higher. Bitcoin bull Michael Saylor, whose company he founded has been adding bitcoin aggressively, welcomed GameStop Ryan Cohen to what he called “Team Bitcoin.” While all the excitement has sparked a rally in the GME stock, it has failed to lift the bitcoin price higher today. Now What? Bitcoin bulls are coming out of the woodwork on expectations that another bull cycle is up ahead for the cryptocurrency. By looking at the BTC price through a wider lens, it’s clear to see it’s having a good March despite hovering below its record high price. When the bitcoin price decides to break out further remains to be seen, but companies like GameStop and asset managers like BlackRock are betting it eventually will.The post Here’s What’s Driving Bitcoin’s March Higher appeared first on 24/7 Wall St..
Stop Trading: Gamestop
Jim Cramer breaks down why he's keeping an eye on shares of Gamestop.
GameStop goes full crypto bro as board votes unanimously for Bitcoin investment
GameStop, the video game retailer famed for becoming a meme stock and causing chaos in the stock market during the COVID-19 pandemic, is back in the spotlight for a new pursuit: investing in Bitcoin.
GameStop debt offering may struggle to attract investors, analysts warn
GameStop Corp (NYSE:GME) shares have pulled back after the video game retailer announced a planned $1.3 million debt issue of convertible notes due in 2030 to purchase Bitcoin in addition to funding general corporate activities. Shares of GameStop fell 12% to about $25, erasing gains from Wednesday's session.
GameStop: All Talk And No Action
GameStop Corp.'s latest earnings report was ho-hum, but the stock surged 12% on news of allowing Bitcoin ownership. The GME stock chart remains neutral, with no compelling reasons to buy or short it, despite the RSI nearing 70. GameStop's revenue continues to decline, and the company holds nearly $5 billion in cash without clear plans for its use.
GameStop shares drop, reversing Wednesday's rally, on planned debt issue to buy bitcoin
The latest sell-off came after the video game chain announced plans to $1.3 billion through the sale of convertible senior notes to purchase bitcoin.
