GME Stock Recent News

Shares of Newsmax continued to rise on Tuesday following a massive public debut on Monday, in which shares shot up more than 700% for the best-performing first day since 2022.

Robust online betting demand bodes well for the Gaming industry. Stocks like GME and SGHC benefit from improving industry trends.

Analysts at Wedbush have boosted their price target on GameStop Corp (NYSE:GME) after the video game retailer unveiled the pricing of its offering of $1.3 billion convertible senior notes. The company said the conversion rate to the notes will initially be 33.4970 shares of Class A common stock per $1,000 principal amount of such notes.

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.

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 said it expects to close a “significant number” of stores in fiscal 2025 after closing 970 stores in fiscal 2024.

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.

GRAPEVINE, Texas, March 27, 2025 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME) (“GameStop”), today announced the pricing of $1.3 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). GameStop also granted the initial purchaser of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of notes. The sale of the notes is expected to close on April 1, 2025, subject to customary closing conditions.

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.

"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.