- GameStop shares rose 1.31% to $23.66 in late-morning NYSE trading, recovering from a 3.71% drop on Monday.
- GameStop reminded holders that its warrants expire at 5:00 p.m. NYC time on October 30, 2026 at a $32.00 exercise price. The warrants stop trading as GME WS before the open, and the NYSE intends to file a Form 25 to delist them.
- GameStop made a nonbinding May offer for eBay at $125 per share, about $56 billion, split equally between cash and stock. eBay's board rejected the offer.
- GameStop holds nearly 10% of eBay, about 43.4 million shares, according to a July regulatory filing.
- Analysts' consensus rating on GameStop is strong sell, with an average price target of about $13.50 per July market data.
Quotes
“Warrants not exercised by that time will expire worthless.”
“neither credible nor attractive”
“provides the Company with the capacity to issue common stock in connection with strategic transactions”