GameStop Corporation stock plunged to $19.06 — its lowest since August 2024 — after the company announced a $1.4 billion convertible note exchange for Class A shares. Volume exceeded 40 million shares, confirming an active repricing event tied directly to the debt-for-equity news.

Key takeaways

• GameStop Corporation stock closed at $19.06, marking its lowest level since August 2024.
• The selloff was triggered by a $1.4 billion convertible note exchange plan for Class A shares.
• Daily volume exceeded 40 million shares, signaling an active repricing rather than a passive drift.
• The daily RSI14 sits at 27.16, deep in oversold territory, while the MACD histogram continues…