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S&P lifts GameStop credit rating, helping push into e-commerce By Svea Herbst-Bayliss Reuters BOSTON (Reuters) - Ratings agency S&P Global Ratings on Wednesday raised GameStop's credit rating by one notch, a critical step in the video retailer's transformation into an e-commerce company. S&P Global Ratings said in a note that it lifted GameStop's credit rating to "B" from "B-" and removed it from CreditWatch after the company issued $550 million in equity and redeemed all balance sheet debt. "We expect these actions to provide additional runway to achieve its business transformation initi...

S&P lifts GameStop credit rating, helping push into e-commerce Reuters 5/5/2021 By Svea Herbst-Bayliss © Reuters/Nick Zieminski FILE PHOTO: An employee talks with a customer at a GameStop shop in New York City By Svea Herbst-Bayliss BOSTON (Reuters) - Ratings agency S&P Global Ratings on Wednesday raised GameStop's credit rating by one notch, a critical step in the video retailer's transformation into an e-commerce company. S&P Global Ratings said in a note that it lifted GameStop's credit rating to "B" from "B-" and removed it from CreditWatch after the company issued ...

Why an ice cream cone tweet sent more than doubled a stock's price in a day Other so-called 'stonks' - an intentional misspelling of 'stocks' - favored by retail traders on sites such as Reddit's WallStreetBets, also shot higher (AFP)Premium Share Via Read Full Story GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after a fierce rally and steep dive that upended Wall Street in January. The shares soared nearly 104% during the session in which trading was halted several times, then jum...

Economic shutdowns in response to COVID-19 pandemic lockdowns have created fertile hunting grounds for Wall Street short-sellers, who bet that what they believe to be...

Original: GameStop Corp.  ( GME) - Get Report shares surged higher Tuesday, following several volatility halts on the New York Stock Exchange, after billionaire investor Chamath Palihapitiya joined the fray in chasing Wall Street's hottest stock. Palihapitiya, the CEO of Social Capital and part-owner of the Golden Sate Warriors basketball franchise, said he had purchased call options that would allow him to purchase GameStop at $115 a share in February, just as shares in the world's biggest video game retailer were changing hands at $93.70 per share. A call option gives the buyer the right...