Shares of GameStop Corp (NYSE:GME) are trading slightly higher Thursday afternoon, The stock is down approximately 15% of over the past month following a series of recent major debt transactions and acquisition speculation.
Here’s what investors need to know.
GameStop stock is gaining positive traction. Why is GME stock advancing?
Debt-to-Equity Swap and Acquisition Shape Trading Activity
Trading action on Thursday reflects ongoing investor assessment of two significant corporate developments that unfolded across August. On Aug. 3, GameStop announced a private exchange agreement to convert roughly $1.4 billion of its convertible senior notes into Class A common equity.
