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Wajeeh Khan

FORGOTTEN HISTORY: A 1 4 billion reason gamestop stock is down today | History Defined

GameStop Stock GME

GameStop (GME) stock is under immense pressure on Monday after the company entered private agreements to exchange $1.4 billion of zero-coupon convertible senior notes due in 2030 and 2032 for its Class A shares.

Because no cash will be raised, investors are bailing on GME mostly due to dilution concerns. The stock crashed through its 20-day moving average (MA) today, indicating the bearish momentum could sustain in the near term.

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