GameStop Corp. ($GME) Stock Forecast: Down 10.0% Today

What is GameStop Corp.?

GameStop (NYSE: GME) is a video game retailer that has been a center of attention in the stock market due to its volatile movements driven by retail investors on social media platforms like Reddit. Today, the stock experienced a strong bearish movement.

Why is GameStop Corp. going down?

GME stock is down 10.0% on Mar 28, 2025 13:37

• GameStop's shares plummeted as renowned economist criticized the company's Bitcoin investment strategy, leading to a loss in investor confidence.
• The announcement of a private offering of $1.3 billion of Convertible Senior Notes could have raised concerns among investors about dilution of shares and potential impact on the company's financials.
• GameStop's decision to sell crypto assets before its latest Bitcoin bet might have signaled a lack of confidence in the cryptocurrency market, further contributing to the bearish sentiment surrounding the stock.
• Overall, the combination of negative news surrounding GameStop's investment strategies and financial decisions likely led to the strong bearish movement in the stock today.

GME Price Chart

GME Technical Analysis

GME News

Peter Schiff Slams Gamestop's Bitcoin Strategy As Shares Plummet: 'Now That All The Fools Have Already Rushed In, Smarter Investors Are Selling' - GameStop ( NYSE:GME )

Renowned economist Peter Schiff slammed GameStop Corp.'s GME Bitcoin BTC/USD 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 getting crushed.

https://www.benzinga.com/markets/cryptocurrency/25/03/44531398/peter-schiff-slams-gamestops-bitcoin-strategy-as-shares-plummet-now-that-all-the-fools-hav

GameStop Announces Pricing of Private Offering of $1.3 Billion of Convertible Senior Notes - GameStop ( NYSE:GME )

GRAPEVINE, Texas, March 27, 2025 ( GLOBE NEWSWIRE ) -- GameStop Corp.

https://www.benzinga.com/pressreleases/25/03/g44526340/gamestop-announces-pricing-of-private-offering-of-1-3-billion-of-convertible-senior-notes

GameStop Announces Pricing of Private Offering of $1.3 Billion of Convertible Senior Notes

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 ...

https://www.globenewswire.com/news-release/2025/03/27/3051086/0/en/GameStop-Announces-Pricing-of-Private-Offering-of-1-3-Billion-of-Convertible-Senior-Notes.html

Why GameStop Sold Crypto Before Its Latest Bitcoin Bet

In 2022 and 2023, GameStop saw $85 million in proceeds from selling digital assets, according to an SEC filing.

https://decrypt.co/311910/why-gamestop-sold-crypto-before-its-latest-bitcoin-bet

Company News for Mar 27, 2025

Companies in The News Are: ...

https://www.zacks.com/stock/news/2436126/company-news-for-mar-27-2025

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GameStop Corp. Price History

27.02.2025 - GME Stock was down 17.6%

• GameStop's decision to sell off its crypto holdings before making another Bitcoin investment indicates a lack of confidence in the digital asset market.
• The announcement of a $1.3 billion convertible senior notes offering to purchase Bitcoin led to investor concerns about the company's financial health and strategy, triggering a sell-off in the stock.
• Investors are questioning the rationale behind buying convertible notes with a 0% coupon, following GameStop's move to mirror MicroStrategy's approach, which may have added to the negative sentiment surrounding the stock.

27.02.2025 - GME Stock was down 10.8%

• GameStop's stock dropped significantly after announcing plans to raise $1.3 billion through a convertible bond offering to purchase Bitcoin, causing investor concerns and leading to a sell-off.
• The decision to follow MicroStrategy's strategy of acquiring Bitcoin with a 0% coupon bond raised questions among investors about the company's financial decisions and long-term sustainability.
• The sharp decline in a GameStop-themed memecoin, which was tied to the company's Bitcoin treasury strategy, further added to the negative sentiment surrounding GME's latest move, contributing to the bearish market movement.
• The market's reaction suggests that investors may be cautious about GameStop diversifying into cryptocurrencies and the potential risks associated with such a strategy, leading to the stock's decline.

21.01.2025 - GME Stock was up 5.3%

• GameStop's CEO, Ryan Cohen, has made a $1 billion investment in Alibaba, signaling optimism towards China's economic growth and reinforcing confidence in Cohen's strategic direction for GameStop.
• GameStop's decision to divest its operations in France and Canada as part of its global asset assessment is viewed favorably by investors, indicating a focus on optimizing operations and consolidating efforts in key markets.
• Positive market sentiment, potentially fueled by Bitcoin's projected price surge to $102,500 as forecasted by Standard Chartered, is boosting investor interest in GameStop and other high-growth opportunities within the digital asset sphere.

26.02.2025 - GME Stock was up 17.4%

• GameStop's decision to include Bitcoin as a treasury reserve asset has sparked investor interest and contributed to the bullish movement in its stock price.
• The news of GameStop's cash holdings increasing in the fourth quarter, along with the announcement of investing in Bitcoin, has likely boosted investor confidence in the company's strategic decisions.
• Despite the mixed results reported for the fourth quarter, the market seems to be reacting positively to GameStop's innovative approach to diversifying its investment portfolio with cryptocurrencies like Bitcoin.
• The comparison drawn between GameStop's Bitcoin investment strategy and that of other companies like MicroStrategy, known for their significant Bitcoin holdings, could be fueling optimism among investors regarding the potential long-term benefits of this move.

14.02.2025 - GME Stock was up 5.0%

• The positive movement in GameStop's stock today is likely due to analyst predictions of a potential price rebound, supported by a buy signal on the TD Sequential indicator.
• Despite market uncertainties such as recession worries and trade policies affecting e-commerce stocks, GameStop defied the odds and experienced a favorable uptick.
• This surge in the stock could also stem from increased interest from retail investors or short-sellers closing their positions, providing additional impetus to the price rise.

26.02.2025 - GME Stock was up 9.9%

• GameStop (GME) experienced a strong bullish movement today following the release of its Q4 earnings report.
• The earnings beat estimates, with collectibles sales rising year-over-year and a significant expansion in gross margin.
• The announcement of including Bitcoin as a treasury reserve asset also contributed to the positive sentiment surrounding the stock.
• Despite some skepticism from investors, the market reacted positively to GameStop's strategic decision, driving the stock price higher.

26.02.2025 - GME Stock was up 8.2%

• GameStop's stock price saw a notable increase today due to the release of its mixed fourth-quarter results and the decision to include Bitcoin in its treasury reserves. This demonstrates the company's readiness to embrace emerging market trends and technologies.
• The rise in GameStop's cash reserves in the fourth quarter, along with the positive response to its Bitcoin treasury strategy, were key factors driving the upward momentum in its stock.
• Support from influential market analyst Jim Cramer for GameStop's Bitcoin initiative further bolstered investor trust in the company's strategic choices, contributing to the substantial rise in its stock value.
• Despite falling short of revenue expectations in the fourth quarter, the better-than-anticipated earnings report and GameStop's forward-looking approach to digital assets like Bitcoin have attracted investor interest and fueled positive market sentiment around the company.

14.01.2025 - GME Stock was up 5.2%

• GameStop's stock surged over 8% in pre-market trading following reports of the company's potential investments in bitcoin and other cryptocurrencies.
• The news of GameStop considering investing in bitcoin was met with mixed reactions, with some viewing it as a bold move to stay relevant in the market.
• The GameStop-themed cryptocurrency market also saw a rally, possibly fueled by the intrigue surrounding CEO Ryan Cohen's photo with bitcoin bull Michael Saylor.
• Overall, GameStop's bullish movement today can be attributed to the positive market sentiment towards the company's exploration of alternative asset classes, particularly cryptocurrencies, despite some skepticism from renowned economists like Peter Schiff.

14.01.2025 - GME Stock was up 6.1%

• GameStop's stock rose over 8% in pre-market trading due to rumors of the company's interest in investing in bitcoin and other cryptocurrencies.
• A prominent economist criticized GameStop's potential move to invest in Bitcoin, suggesting it was a bid for relevance, which may have stirred market excitement.
• Speculation regarding GameStop's potential cryptocurrency investments, especially in bitcoin, generated investor interest and boosted the stock's performance.
• The positive investor sentiment was boosted by GameStop CEO Ryan Cohen being pictured with Strategy's Michael Saylor, intensifying speculation and excitement among investors.

10.01.2025 - GME Stock was up 6.5%

• GameStop's stock surged after CEO Ryan Cohen posted a picture with Michael Saylor, sparking speculation about the company's potential new strategies in the crypto space.
• The previous push by GameStop into the crypto space with the launch of crypto wallets may have contributed to the positive market sentiment.
• The increasing interest in cryptocurrencies, as highlighted by Missouri and Kentucky joining the Bitcoin reserve race, could have further fueled investors' optimism towards GameStop's crypto-related initiatives.
• Overall, GameStop's bullish movement today seems to be driven by the company's potential expansion and innovation in the crypto space, as well as the broader positive sentiment surrounding cryptocurrencies.

11.01.2025 - GME Stock was up 5.5%

• Strong bullish movement in GME followed a notable photo featuring GameStop CEO Ryan Cohen and Bitcoin advocate Michael Saylor, sparking discussions about a potential crypto strategy for the company.
• The recent surge in GME stock can be linked to the revived interest in its crypto-related endeavors, particularly its previous initiatives in crypto wallets.
• The connection between GameStop and cryptocurrencies, coupled with the overall market enthusiasm for digital assets, likely contributed to the positive performance of GME shares.

28.02.2025 - GME Stock was down 10.0%

• GameStop's shares plummeted as renowned economist criticized the company's Bitcoin investment strategy, leading to a loss in investor confidence.
• The announcement of a private offering of $1.3 billion of Convertible Senior Notes could have raised concerns among investors about dilution of shares and potential impact on the company's financials.
• GameStop's decision to sell crypto assets before its latest Bitcoin bet might have signaled a lack of confidence in the cryptocurrency market, further contributing to the bearish sentiment surrounding the stock.
• Overall, the combination of negative news surrounding GameStop's investment strategies and financial decisions likely led to the strong bearish movement in the stock today.