Unlock stock picks and a broker-level newsfeed that powers Wall Street. Upgrade Now NYSE - Nasdaq Real Time Price • USD GameStop Corp. (GME) Follow Compare 22.32 +0.59 +(2.72%) At close: March 31 at 4:00:02 PM EDT 22.40 +0.08 +(0.36%) After hours: March 31 at 7:59:52 PM EDT All News Press Releases SEC Filings Why meme stocks like GameStop could cause you headaches Although GameStop is back in the news, advisor Barry Ritholtz isn't taking the bait. GameStop investors may teach us all something On the latest episode of Opening Bid, Ritholtz Wealth Management Co-Founder, Chairman & CIO Barry Ritholtz gives his hot take on GameStop (GME). For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. This post was written by Langston Sessoms, producer for Opening Bid. Newsmax Draws Retail Trader Wave With 735% Surge in Debut (Bloomberg) -- Newsmax Inc. shares skyrocketed 735% in their debut session after the conservative media outlet’s initial public offering, with individual investors helping hand the firm the best first-day performance since 2022.Most Read from BloombergWhat Frank Lloyd Wright Learned From the DesertGold-Rush Fever Returns to Historic New Zealand Mining TownBank Regulators Fight for Desks as OCC Returns to New York TowerThe stock closed at $83.51 each on Monday, in a first trading day as a public 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. Peter Schiff Slams Gamestop's Bitcoin Strategy As Shares Plummet: 'Now That All The Fools Have Already Rushed In, Smarter Investors Are Selling' Renowned economist Peter Schiff slammed GameStop Corp.’s (NYSE:GME) Bitcoin (CRYPTO: BTC) investment strategy as the company’s shares nosedived on Thursday. What Happened: Schiff took to X, chiming in on the video game retailer’s pullback. “GME is now ... GameStop Falls 22% After Bitcoin Announcement and Spike in Short Selling GameStop stock tumbles after Bitcoin investment plan, short interest spikes and analysts raise doubts over move 'Staggeringly bad judgment' for Bitcoin? Here's what you missed this week Bitcoin holds steady as SEC sees leadership shift, Crusoe pivots to AI, and GameStop signals major Bitcoin investment. Is GameStop the next Forever 21? Or MicroStrategy? Or Robinhood? No surprise here, GameStop (GME) produced another dreadful year of results in 2024. The gaming retailer reported sales last year crashed 27%. Adjusted operating profits tanked 94%. Sales fell by double-digits in every region GameStop operates, most importantly its largest market the US – sales declined 24.9%. The culprit? Persistent weakness in the gaming software industry as people are back in offices working and games can run more than $60 a pop. But the awful year for GameStop isn’t the headline maker for the company’s latest earnings release day. Nope, it’s the company saying it will now have an investment committee led by controversial chairman and CEO Ryan Cohen that will aim to invest in bitcoin (BTC-USD). The company has $4.775 billion in cash and thousands of store leases coming up for renewal, so it has the funds to dabble in such a bitcoin pivot. The question is this: should GameStop be considered a struggling retailer anymore? Or something else in the mold of Michael Saylor’s bitcoin buying former software play MicroStrategy (MSTR), now known as Strategy? Will Cohen turn it into a crypto trading platform like Robinhood (HOOD) and Coinbase (COIN)? Is he trying to follow Warren Buffett at Berkshire Hathaway (BRK-B) by taking a failed operation and building around it a highly lucrative investment portfolio? Who knows! But no doubt the perception of GameStop has just changed. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Bitcoin eyes $250K but only if it tops all-time highs Bitcoin remains stable around, but analysts predict a major move ahead. Arthur Hayes sees a potential surge to $110,000, fueled by the Fed’s policy shift. The Weekly Closeout: GameStop pays for CEO’s security, layoffs at Mattel The gaming retailer paid nearly $270,000 last year for Ryan Cohen’s executive security, while the toy company laid off 120 workers at its headquarters. Why GameStop Corp. (GME) Went Down On Thursday? We recently published a list of 10 Firms Mirror Wall Street Slump on Thursday. In this article, we are going to take a look at where GameStop Corp. (NYSE:GME) stands against other firms that mirrored Wall Street slump on Thursday. Wall Street’s shares traded lower anew on Thursday, as investor sentiment continued to be dampened […] GameStop Prices Bitcoin Notes at $29.85 The bitcoin notes have a 35% premium over the company's Thursday closing price. GameStop slumps as its plan to sell debt to fund bitcoin purchases raises some questions GameStop shares sunk Thursday after its plan to sell debt in an effort to fund purchases of bitcoin raised some questions on Wall Street. It will use proceeds from this debt offering to buy the cryptocurrency. Trading in GameStop's stock, which is often included with other so-called “meme” stocks, can be volatile. GameStop Just Went Full Crypto--And Wall Street Is Panicking A $1.3B Bitcoin bet, a collapsing stock, and a retail giant on the edge. Why GameStop (GME) Shares Are Getting Obliterated Today Shares of video game retailer GameStop (NYSE:GME) fell 24.1% in the afternoon session after the company announced plans to raise up to $1.3 billion in convertible debt for corporate purposes, including acquiring Bitcoin. Yes, Bitcoin. GameStop Tumbles 25% Following Bitcoin Convertible Bond Plan. What's Happening? The sell-off might have to do with the convertible note pricing, while some speculated that it's a sign of investor disapproval of the bitcoin acquisition plans. GameStop Sinks on Plan to Borrow $1.3 Billion to Buy Bitcoin (Bloomberg) -- GameStop Corp. shares slumped as investors responded to the company’s plans to load up on debt in order to buy Bitcoin.Most Read from BloombergWhy Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.Gold-Rush Fever Returns to Historic New Zealand Mining TownThese US Bridges Face High Risk of Catastrophic Ship StrikesThe video-game retailer erased a quarter of its value on Thursday, GameStop stock slides 23% after announcing strategy shift and plans to buy $1.3 billion worth of Bitcoin The company also plans to close a “significant number” of its stores in coming months. GameStop Stock Tumbles on Bitcoin Plans. There Can Be Only One MicroStrategy. GameStop announced plans for a private offering of $1.3 billion in convertible senior notes, aiming to use the proceeds for general corporate purposes, including to invest in Bitcoin. Earlier, Wedbush analysts led by managing director Michael Pachter raised their price target on the stock, noting they were impressed with a rare operating profit for the holiday quarter despite a significant drop in revenue. Pachter pointed to GameStop’s $4.8 billion in cash, which is up from $921.7 million a year earlier and which it has yet to deploy. GameStop shares tumble as investors question bitcoin pivot 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. The video game retailer's shares also gave up all their gains from a day earlier and were on track for their biggest one-day fall since last June, after the company said it was offering $1.3 billion in 0% 2030 convertible bonds to amass the cryptocurrency. However, GameStop also announced the closing of a "significant number" of additional stores this year, signalling that its retail business continued to flounder despite attempts to turn it around. Performance Overview Trailing total returns as of 3/31/2025, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) Return GME S&P 500 (^GSPC) YTD -28.78% -4.59% 1-Year +78.27% +6.80% 3-Year -46.40% +23.87%