GameStop Stock Drops Into the Red for 2026

GameStop Stock Drops Into the Red for 2026

David Marino-Nachison

Mon, August 3, 2026 at 4:57 PM GMT+3 1 min read

• GME31248-USD -9.83%

• EBAY +2.31%

Key Takeaways

• GameStop 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 stock's first move into the red for 2026.

Some of today's move may be driven by the news that GameStop plans to exchange $1.4 billion of its debt for common stock, a move that some investors may see as diluting their holdings. Shareholders had approved an increase to shares outstanding at the company's annual meeting in July.

The latest drop in GameStop's shares extends an up-and-down year for the stock, which at one point in May traded near $27. The company that month offered to acquire eBay in a cash-and-stock deal that valued the online marketplace at $125 per share; eBay has not accepted the offer.

An early version of this article incorrectly referred to GameStop as "GameStock." This article has also been updated since it was first published to reflect the latest market data.

Read the original article on Investopedia