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GameStop Stock Drops Into the Red for 2026
Shares of GameStop slid to start the week.Credit: Brandon Bell / Getty ImagesKey TakeawaysGameStop shares fell below $20, marking their first decline into negative territory for 2026.The drop follows GameStop’s plan to exchange $1.4 billion in debt for common stock, potentially diluting shareholders.Shares of GameStop fell into negative territory for 2026 for the first time today. GameStop (GME), the meme stock and video game retailer that hopes to merge with eBay (EBAY), was recently down roughly 14% to below $19 per share. The move below December’s close just a few cents over $20 marked the…
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