GameStop (GME) stock crashes almost 25% in single day following private note offering announcement
On Thursday, March 27, 2025, GameStop’s (GME) stock experienced a significant drop in value. The week started with each share priced at $25.50, but by the end of the week, it had reached a high of $29.39 per share. However, after announcing plans to sell $1.3 billion worth of private convertible senior notes, the stock lost all its gains and dropped to $21.32 per share at the time of writing.