L'intérêt à découvert pour GameStop donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de GameStop. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

GameStop (NYSE:GME) Stock, Rapport sur les intérêts à découvert

GameStop

GameStop Corp is a U.S. multichannel video game, consumer electronics, and services retailer. The company operates across Europe, Canada, Australia, and the United States. The company sells new and second-hand video game hardware, physical and digital video game software, and video game accessories, mainly through GameStop, EB Games, and Micromania stores and international e-commerce sites. The majority of sales are from the United States. The company categorizes its products in three categories: Hardware and accessories, Software, and Collectibles. The company generates the majority of its revenue from the sale of Hardware and accessories products.

GameStop Corp

Globus Medical, Inc. Class A Common Stock

Globus Medical Inc

GAMEE

Gambit Energy Inc

GOME ELEC APP HLDG ORD by GOME Retail Holdings Limited

GOME Retail Holdings Ltd

Good Gaming Inc

VanEck Green Metals ETF

GAMEON ENTMT TECHNOLOGIES by GameOn Entertainment Technologies Inc.

GameOn Entertainment Technologies Inc

GME INNOTAINMENT INC by GME Innotainment, Inc.

GME Innotainment Inc

MARA Holdings Inc (CRYPTO: MARA) on Monday announced it <a href="https://www.benzinga.com/25/03/44301936/bitcoin-miners-ride-the-btc-boom-but-costs-tell-a-different-story-jpmorgan">sought to raise up to $2 billion</a> through a stock offering to expand Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserves
What Happened: The firm submitted <a href="https://www.sec.gov/Archives/edgar/data/1507605/000164117225001325/form424b5.htm#mm_004">paperwork</a> to the U.S. Securities and Exchange Commission, outlining its strategy to sell shares via an at-the-market agreement.
This deal involves prominent financial players like Barclays Capital, BMO Capital Markets, and Cantor Fitzgerald, among others, who will facilitate the sale.
MARA intends to channel the funds into expanding its bitcoin reserves and supporting day-to-day operations. 
The company emphasized its long-term vision, stating that its core strategy revolves around mining and holding Bitcoin as a key asset for future growth. 
With an existing stash of 46,374 Bitcoin—valued at approximately $3.8 billion at today's prices—MARA already ranks as the second-largest public company holding the cryptocurrency, trailing only behind Michael Saylor's Strategy, which boasts over 506,000 Bitcoin.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44543709/peter-schiff-tells-bitcoin-hodlers-to-get-a-clue-as-gold-outpaces-digital-gold">Peter Schiff Tells Bitcoin &#8216;Hodlers&#8217; To &#8216;Get A Clue&#8217; As Gold Outpaces Digital Gold</a>
Why It Matters: In a parallel development, GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), the video game retailer, recently unveiled its own <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44531398/peter-schiff-slams-gamestops-bitcoin-strategy-as-shares-plummet-now-that-all-the-fools-have-already-rushed-in-smarter-investors-are-selling">cryptocurrency ambitions</a>.
Inspired by Strategy's playbook, GameStop plans to raise $1.3 billion through convertible notes to kickstart its Bitcoin purchases. 
The company also revealed intentions to tweak its financial strategy, designating Bitcoin as an official reserve asset—a sign that more corporations may soon follow suit in embracing digital currencies.
Meanwhile, Japanese company Metaplanet Inc. will issue its 10th series of ordinary bonds to raise 2 billion yen, approximately $13 million USD at current exchange rates, to acquire more Bitcoin.
The bonds, named the &#8220;Metaplanet Inc. 10th Series of Ordinary Bonds,&#8221; carry a face value of 50 million yen each and will not bear any interest.
They are set to be issued on March 31 with a redemption date scheduled for Sep. 30.
Metaplanet has <a href="https://x.com/Metaplanet_JP/status/1906542857554362548">outlined</a> that the bonds will be redeemed at their full face value of ¥100 per ¥100 on the redemption date.
However, bondholders can request early redemption at the same rate, provided they submit a written notice to the company at least one business day prior to the desired early redemption date.
Metaplanet has stated that this bond issuance is not expected to significantly impact its consolidated financial results for the fiscal year ending December 2025.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44542682/bitcoin-crashes-below-84000-but-heres-why-experts-expect-stronger-sentiment-soon">Bitcoin Crashes Below $84,000, But Here&#8217;s Why Experts Expect &#8216;Stronger Sentiment&#8217; Soon</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

$BTC

MARA Holdings Joins GameStop, Metaplanet In Bitcoin Reserve Push With $2 Billion Stock Sale

The past week in the financial world was nothing short of eventful. From Ripple&#8217;s legal victory to GameStop&#8217;s new Bitcoin strategy, there was no shortage of intriguing developments. Let&#8217;s dive into the top stories of the week.
XRP&#8217;s Legal Win: A Boost Amid Stablecoin Surge
Despite Ripple Labs&#8217; recent legal victory over the SEC, where it agreed to a reduced penalty of $50 million, experts are divided on whether XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) can benefit from the current stablecoin rally. Ripple&#8217;s Chief Legal Officer, Stuart Alderoty, announced that the SEC would return $75 million, pending final court and commissioner approval. However, the question remains whether this win will position XRP favorably in the stablecoin market.
<a href="https://www.benzinga.com/25/03/44515982/xrp-may-not-benefit-from-stablecoin-surge-analysts-say-despite-ripples-regulatory-win">Read the full article here.</a>
Peter Schiff Questions Bitcoin Demand
Gold advocate Peter Schiff has once again criticized Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), questioning the source of its current demand. Schiff pointed out two major factors driving Bitcoin&#8217;s demand: Michael Saylor&#8217;s relentless Bitcoin purchases for Strategy and speculators betting on strategic reserves.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44477525/peter-schiff-says-bitcoin-demand-fueled-by-michael-saylor-speculators-betting-on-strategic-reserve">Read the full article here.</a>
See Also:&nbsp;<a href="https://www.benzinga.com/25/03/44529187/elon-musk-says-tesla-doesnt-need-lidar-because-people-dont-shoot-lasers-out-of-their-eyes-yet-his-ev-company-quietly-spent-over-2-million-on-the-technology-in-2024-as-china-takes-global-lead" target="_blank" rel="noreferrer noopener">Elon Musk Says Tesla Doesn't Need Lidar Because ‘People Don't Shoot Lasers Out Of Their Eyes' After YouTubers Put His Cars Through Wylie E. Coyote Tests</a>
Robinhood&#8217;s &#8216;Schwab for Everyone&#8217; Vision
Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) is making strategic moves to capture a portion of the $114 trillion wealth transfer heading toward younger, tech-savvy investors. Bernstein analysts have praised Robinhood&#8217;s latest offerings, calling it &#8220;Schwab elite banking for everyone,&#8221; highlighting the platform&#8217;s shift towards higher-end financial services.
<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44521466/robinhood-reinvents-private-banking-with-schwab-for-everyone-vision-says-bernstein">Read the full article here.</a>
Crypto.com&#8217;s SEC Clearance Boosts Native Token
Crypto.com&#8217;s native token, Cronos (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">CRO</a>), saw a significant surge after the company announced that the SEC would not take any enforcement action against it. The company&#8217;s CEO, Kris Marszalek, confirmed the closure of the SEC&#8217;s investigation, leading to a 12% increase in the token&#8217;s value.
<a href="https://www.benzinga.com/25/03/44528803/trump-media-partner-cryptocom-announces-end-of-sec-enforcement-action-native-token-soars-12">Read the full article here.</a>
GameStop&#8217;s Bitcoin Strategy Gets Cramer&#8217;s Approval
GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) received praise from influential market commentator Jim Cramer for its newly announced Bitcoin treasury strategy. Cramer expressed his approval on social media, stating that GameStop is finally implementing the Bitcoin strategy he had previously advocated for.
<a href="https://www.benzinga.com/25/03/44487309/jim-cramer-applauds-gamestop-for-acting-on-his-bitcoin-ploy-as-apex-crypto-barely-moves-after-his-remark">Read the full article here.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44429586/tesla-stuns-with-surprise-late-evening-all-hands-meeting-elon-musk-says-hang-on-to-your-stock-touting-7-million-evs-optimus-robot-and-ai-supercomputer-dojo" target="_blank" rel="noreferrer noopener">Elon Musk Says ‘Hang On To Your Stock&#8217; In Surprise Late-Evening Tesla All-Hands Meeting — Touts 7 Million EVs, Optimus Robot, And AI Supercomputer Dojo</a></li>
</ul>
Photo courtesy: Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>

Tech

Media

$CRO

$XRP

HOOD

Ripple's Legal Win, Bitcoin Demand, Robinhood's Banking Vision, And Gamestop's Bitcoin Strategy: This Week In Crypto

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$262.50</td>
<td>$119.1K</td>
<td>6.8K</td>
<td>102.6K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$200.00</td>
<td>$294.9K</td>
<td>6.4K</td>
<td>7.3K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$20.00</td>
<td>$36.5K</td>
<td>10.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PHM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$111.00</td>
<td>$66.0K</td>
<td>0</td>
<td>1.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$150.00</td>
<td>$25.7K</td>
<td>20.2K</td>
<td>773</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$45.00</td>
<td>$69.0K</td>
<td>494</td>
<td>322</td>
</tr>
<tr>
<td>DASH</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$185.00</td>
<td>$26.5K</td>
<td>318</td>
<td>229</td>
</tr>
<tr>
<td>GAP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$21.00</td>
<td>$46.8K</td>
<td>83</td>
<td>218</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$210.00</td>
<td>$108.6K</td>
<td>76</td>
<td>64</td>
</tr>
<tr>
<td>DECK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$100.00</td>
<td>$36.8K</td>
<td>46</td>
<td>10</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 643 contract(s) at a $262.50 strike. This particular put needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $119.1K, with a price of $188.0 per contract. There were 6887 open contracts at this strike prior to today, and today 102622 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on April 4, 2025. Parties traded 331 contract(s) at a $200.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $294.9K, with a price of $891.0 per contract. There were 6408 open contracts at this strike prior to today, and today 7388 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a put option trade with bearish sentiment. It expires in 20 day(s) on April 17, 2025. Parties traded 500 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $36.5K, with a price of $73.0 per contract. There were 10096 open contracts at this strike prior to today, and today 1471 contract(s) were bought and sold. 
• Regarding PHM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), we observe a call option trade with bearish sentiment. It expires in 20 day(s) on April 17, 2025. Parties traded 1000 contract(s) at a $111.00 strike. The total cost received by the writing party (or parties) was $66.0K, with a price of $66.0 per contract. There were 0 open contracts at this strike prior to today, and today 1022 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bearish, expiring in 84 day(s) on June 20, 2025. This event was a transfer of 50 contract(s) at a $150.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $25.7K, with a price of $515.0 per contract. There were 20295 open contracts at this strike prior to today, and today 773 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bullish, expiring in 140 day(s) on August 15, 2025. This event was a transfer of 200 contract(s) at a $45.00 strike. This particular call needed to be split into 31 different trades to become filled. The total cost received by the writing party (or parties) was $69.0K, with a price of $345.0 per contract. There were 494 open contracts at this strike prior to today, and today 322 contract(s) were bought and sold. 
• For DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we notice a put option trade that happens to be bearish, expiring in 84 day(s) on June 20, 2025. This event was a transfer of 16 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $26.5K, with a price of $1660.0 per contract. There were 318 open contracts at this strike prior to today, and today 229 contract(s) were bought and sold. 
• For GAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>), we notice a call option sweep that happens to be neutral, expiring in 175 day(s) on September 19, 2025. This event was a transfer of 192 contract(s) at a $21.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $46.8K, with a price of $243.0 per contract. There were 83 open contracts at this strike prior to today, and today 218 contract(s) were bought and sold. 
• For RCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), we notice a call option sweep that happens to be bullish, expiring in 175 day(s) on September 19, 2025. This event was a transfer of 45 contract(s) at a $210.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $108.6K, with a price of $2415.0 per contract. There were 76 open contracts at this strike prior to today, and today 64 contract(s) were bought and sold. 
• Regarding DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we observe a call option sweep with bullish sentiment. It expires in 658 day(s) on January 15, 2027. Parties traded 10 contract(s) at a $100.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.8K, with a price of $3680.0 per contract. There were 46 open contracts at this strike prior to today, and today 10 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AMZN

BABA

DASH

DECK

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Renowned economist&nbsp;Peter Schiff&nbsp;slammed GameStop Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investment strategy as the company&#8217;s shares nosedived on Thursday.
What Happened:&nbsp;Schiff took to X, chiming in on the video game retailer&#8217;s pullback. &#8220;GME is now getting crushed.&nbsp; It&#8217;s&nbsp;down 22% on the day,&nbsp;down 26% from yesterday&#8217;s high,&#8221; the staunch Bitcoin critic highlighted.
Moreover, he referred to individuals who fell for the hype as &#8220;fools,&#8221; adding that &#8220;smarter&#8221; individuals are exiting the market upon realizing that wasting money buying Bitcoin is not a viable long-term business model.
&#8220;Now that all the fools have already rushed in, smarter investors are selling as they realize that wasting cash buying Bitcoin is not a viable long-term business model.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> has lost all of yesterday&#39;s Bitcoin-inspired 15% gain. Shares are now down 2% over the two days combined. Now that all the fools have already rushed in, smarter investors are selling as they realize that wasting cash buying Bitcoin is not a viable long-term business model.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1905261571095302161?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
GameStop&#8217;s shares began to jump when the company revealed Tuesday that<a href="https://www.benzinga.com/general/gaming/25/03/44482313/gamestop-q4-earnings-revenue-miss-eps-beat-shares-surge-as-board-approves-bitcoin-as-treasury-reserve-asset"> it adopted Bitcoin as a treasury reserve asset</a>. On Wednesday, the stock reached a 10-week high of $28.36. 
However, the sentiment reversed after it announced a <a href="https://in.benzinga.com/25/03/44506895/gamestop-themed-memecoin-takes-sharp-u-turn-tanks-94-after-companys-new-debt-offering-to-buy-bitcoin">convertible debt offering </a>to fund BTC purchases, as many shareholders could have thought that this would be dilutive in the long run.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44529758/shiba-inu-attracts-more-diamond-hands-than-bitcoin-ethereum-but-is-high-whale-concentration-something-to-lose-sleep-over">Shiba Inu Attracts More Diamond Hands Than Bitcoin, Ethereum But Is High Whale Concentration Something To Lose Sleep Over?</a>
Why It Matters:&nbsp; Schiff, a long-time Bitcoin critic, had previously described GameStop&#8217;s consideration to buy Bitcoin as a desperate attempt to stay relevant, <a href="https://in.benzinga.com/25/02/43719682/peter-schiff-says-gamestop-has-thrown-a-hail-mary-by-considering-bitcoin-investments-draws-parallels-with-michael-saylors-strategy">deeming it a "Hail Mary" play</a>.
The company has followed in the footsteps of Strategy, the world&#8217;s largest corporate Bitcoin holder, with a stash worth over $43 billion as of this writing, <a href="https://bitcointreasuries.net/">according </a>to Bitcoin Treasuries.
Price Action:&nbsp; &nbsp;At the time of writing, Bitcoin was exchanging hands at $85,071.26, down 2.90% in the last 24 hours,&nbsp;according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Shares of GME rose 2.90% in after-hours trading, after closing down 22.1% to $22.09 during Tuesday&#8217;s regular session. 
The stock demonstrated strong momentum—a measure of a stock&#8217;s relative strength based on its price movement patterns and volatility—as of this writing. To access similar high-momentum stocks for your portfolio, visit&nbsp;<a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s Edge Rankings score</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/03/44528803/trump-media-partner-cryptocom-announces-end-of-sec-enforcement-action-native-token-soars-12">Trump Media Partner Crypto.Com Announces End Of SEC Enforcement Action, Native Token Soars 12%</a></li>
</ul>
Photo courtesy: Shutterstock

Markets

Peter Schiff Slams Gamestop's Bitcoin Strategy As Shares Plummet: 'Now That All The Fools Have Already Rushed In, Smarter Investors Are Selling'

GameStop also granted the initial purchaser of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of notes. The sale of the notes is expected to close on April 1, 2025, subject to customary closing conditions.
GameStop expects to use the net proceeds from the offering for general corporate purposes, including the acquisition of Bitcoin in a manner consistent with GameStop's Investment Policy.

Offerings

GameStop Reports Pricing Of $1.3B Of 0.00% Convertible Senior Notes Due 2030 In Private Offering

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/25</td>
<td>$280.00</td>
<td>$75.3K</td>
<td>34.1K</td>
<td>160.3K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$24.00</td>
<td>$34.0K</td>
<td>3.8K</td>
<td>20.7K</td>
</tr>
<tr>
<td>TJX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$125.00</td>
<td>$25.5K</td>
<td>3.7K</td>
<td>9.3K</td>
</tr>
<tr>
<td>KSS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$9.00</td>
<td>$35.8K</td>
<td>365</td>
<td>2.1K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$17.50</td>
<td>$26.0K</td>
<td>19.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$65.00</td>
<td>$63.8K</td>
<td>8.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>VSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$20.00</td>
<td>$112.3K</td>
<td>8.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>ABNB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/28/25</td>
<td>$127.00</td>
<td>$35.7K</td>
<td>1.0K</td>
<td>750</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$215.00</td>
<td>$70.6K</td>
<td>7.8K</td>
<td>512</td>
</tr>
<tr>
<td>CAVA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$70.00</td>
<td>$53.2K</td>
<td>360</td>
<td>378</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on March 28, 2025. Parties traded 205 contract(s) at a $280.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $75.3K, with a price of $370.0 per contract. There were 34116 open contracts at this strike prior to today, and today 160311 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on March 28, 2025. Parties traded 136 contract(s) at a $24.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $34.0K, with a price of $250.0 per contract. There were 3857 open contracts at this strike prior to today, and today 20788 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a call option sweep with bullish sentiment. It expires in 21 day(s) on April 17, 2025. Parties traded 371 contract(s) at a $125.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $69.0 per contract. There were 3765 open contracts at this strike prior to today, and today 9329 contract(s) were bought and sold. 
• For KSS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on April 17, 2025. This event was a transfer of 1191 contract(s) at a $9.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $30.0 per contract. There were 365 open contracts at this strike prior to today, and today 2198 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option sweep that happens to be bearish, expiring in 85 day(s) on June 20, 2025. This event was a transfer of 500 contract(s) at a $17.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $52.0 per contract. There were 19067 open contracts at this strike prior to today, and today 1732 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option sweep that happens to be bullish, expiring in 50 day(s) on May 16, 2025. This event was a transfer of 336 contract(s) at a $65.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $63.8K, with a price of $190.0 per contract. There were 8113 open contracts at this strike prior to today, and today 1552 contract(s) were bought and sold. 
• For VSCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on April 17, 2025. This event was a transfer of 1000 contract(s) at a $20.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $112.3K, with a price of $113.0 per contract. There were 8666 open contracts at this strike prior to today, and today 1005 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on March 28, 2025. This event was a transfer of 700 contract(s) at a $127.00 strike. The total cost received by the writing party (or parties) was $35.7K, with a price of $51.0 per contract. There were 1069 open contracts at this strike prior to today, and today 750 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option trade with neutral sentiment. It expires in 21 day(s) on April 17, 2025. Parties traded 50 contract(s) at a $215.00 strike. The total cost received by the writing party (or parties) was $70.6K, with a price of $1412.0 per contract. There were 7836 open contracts at this strike prior to today, and today 512 contract(s) were bought and sold. 
• Regarding CAVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>), we observe a put option sweep with neutral sentiment. It expires in 176 day(s) on September 19, 2025. Parties traded 100 contract(s) at a $70.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $53.2K, with a price of $532.0 per contract. There were 360 open contracts at this strike prior to today, and today 378 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABNB

CAVA

RIVN

VSCO

Wall Street dipped slightly on Thursday, with all major indexes edging into the red as investors digested President Donald Trump&#8216;s latest <a href="https://www.benzinga.com/government/regulations/25/03/44517885/trump-slaps-25-tariffs-on-autos-what-it-means-for-your-next-car-purchase">move on auto tariffs.</a>
Late Wednesday, Trump announced a 25% tariff on all auto imports starting next week, with duties on auto parts set to follow in May.
European automakers took a hit, with Mercedes-Benz Group AG (OTCPK: MBGAF) and Porsche Automobile Holding SE (OTCPK: POAHF) sliding 2.5% and 5%, respectively. 
Michigan-based carmakers didn't fare much better. Shares of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) fell 2.5%, while General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) plunged 6.5%, with the latter marking the worst performance on the S&amp;P 500.
In contrast, U.S. electric vehicle makers rallied. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 2.6%, and Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) jumped 5%. The rally followed comments from Goldman Sachs analyst Mark Delenay, who pointed to their fully domestic production as a significant advantage <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">under the new tariffs.</a>
Meanwhile, gold extended its rally, climbing over 1% and testing record highs as the U.S. dollar softened. Silver gained 2%, while copper pulled back 2% after a strong run that had lifted it to all-time highs.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) held firm at $86,875, signaling a cautious tone across the crypto market.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,840.57</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,277.82</td>
<td>-0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,687.68</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,060.90</td>
<td>-0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.4% lower to $566.80.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.5% to $422.32.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;dropped 0.5% to $482.05.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.6% to $204.29</li>
<li>The&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 0.8%; the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rallied over 8% after the company announced that it would sell its Family Dollar business for $1.01 billion to Brigade and Macellum Capital.</li>
<li>AutoZone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) rallied 3.7% to fresh record highs in reaction to import tariffs on automotive parts.</li>
<li>Shares of car rental firms also rallied amid potentially higher margins. Avis Budget Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) and Hertz Global Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) both rocketed by about 20%. </li>
<li>GameStop Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) plunged 22% after it announced a private offering of convertible debt to buy Bitcoin.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) tumbled more than 10% after the company announced plans to divest its natural gas assets and operations in Jamaica. </li>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) will report its earnings after the close. Shares were up 0.7%. </li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/forex/25/03/44518720/april-2-tariffs-could-trigger-a-us-dollar-rally-to-sell-bank-of-america-economists-say">April 2 Tariffs Could Trigger A US Dollar &#8216;Rally To Sell,&#8217; Bank Of America Economists Say</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Equities

Government

Large Cap

Macro Economic Events

Regulations

Commodities

Econ #s

Economics

SPDR Dow Jones Industrial Average ETF Trust

DLTR

LULU

MERCEDES BENZ GROUP AG by Mercedes Benz Group AG

MBGAF

Porsche Automobil Holding SE Stuttgart Pref No VTG RTS

POAHF

Stocks Slide As Auto Tariffs Boost Tesla, Rivian And Hit GM, Ford: What's Driving Markets Thursday?

<h3>Gainers</h3>
<ul>
<li>Petco Health and Wellness (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WOOF#NASDAQ">WOOF</a>) stock rose 28.7% to $3.14 during Thursday's regular session. The market value of their outstanding shares is at $865.5 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Damon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMN#NASDAQ">DMN</a>) stock rose 20.3% to $0.05. The market value of their outstanding shares is at $7.4 million. </li>
<li>Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) stock moved upwards by 15.48% to $17.15. The company's market cap stands at $29.6 million. </li>
<li>Connexa Sports Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) stock rose 13.58% to $0.88. The company's market cap stands at $12.8 million. As per the news, the Q3 earnings report came out 3 days ago. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) stock moved upwards by 11.86% to $1.32. The company's market cap stands at $146.7 million. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>Chegg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHGG#NYSE">CHGG</a>) shares increased by 11.63% to $0.72. The company's market cap stands at $76.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) stock declined by 28.6% to $13.0 during Thursday's regular session. The market value of their outstanding shares is at $15.1 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares declined by 21.42% to $22.29. The company's market cap stands at $9.9 billion. As per the press release, Q4 earnings came out 2 days ago. </li>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) stock declined by 16.77% to $0.17. </li>
<li>Genius Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GNS#AMEX">GNS</a>) stock decreased by 10.94% to $0.28. The company's market cap stands at $21.9 million. </li>
<li>Adient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) shares fell 10.48% to $13.51. The company's market cap stands at $1.1 billion. </li>
<li>Lottery.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRY#NASDAQ">LTRY</a>) shares decreased by 10.09% to $0.94. The company's market cap stands at $11.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

ADNT

CHGG

LITB

LTRY

LXEH

MULN

WOOF

YOSH

Connexa Sports Technologies Inc. - Common Stock

YYAI

12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are falling Thursday after the company announced a&nbsp;<a href="https://www.benzinga.com/pressreleases/25/03/g44502682/gamestop-announces-proposed-private-offering-of-1-3-billion-of-convertible-senior-notes" target="_blank" rel="noreferrer noopener">proposed private offering</a>.
What Happened: GameStop announced plans to offer $1.3 billion worth of its 0.00% convertible senior notes due 2030 in a private offering to institutional investors. The company intends to grant the initial purchasers a 13-day period to purchase up to an additional $200 million of the notes.
GameStop said it expects to use the net proceeds from the offering for general corporate purposes, including to purchase Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) under its newly-announced crypto strategy.
On Tuesday, GameStop reported fourth-quarter earnings and announced the approval of Bitcoin as a&nbsp;<a href="https://www.benzinga.com/general/gaming/25/03/44482313/gamestop-q4-earnings-revenue-miss-eps-beat-shares-surge-as-board-approves-bitcoin-as-treasury-reserve-asset" target="_blank" rel="noreferrer noopener">treasury reserve asset</a>. The company noted that it planned to use a portion of its cash or future debt and equity issuances to invest in Bitcoin.
GameStop shares surged after the company announced the Bitcoin pivot, but the stock gave back some of its gains after the company announced the details of how it planned to secure funds for its Bitcoin strategy.
&#8220;We have not set a maximum amount of Bitcoin we may accumulate, and may sell any Bitcoin we may acquire,&#8221; the company said in the filing.
Investors have been speculating about a potential Bitcoin strategy from GameStop ever since CEO&nbsp;Ryan Cohen&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on" target="_blank" rel="noreferrer noopener">posted a picture</a>&nbsp;with Strategy's&nbsp;Michael Saylor&nbsp;on X last month.
Related Link: <a href="https://www.benzinga.com/general/market-summary/25/03/44511612/gamestop-follows-mstrs-footsteps-why-will-investors-buy-convertible-notes-with-no-interest">GameStop Follows MSTR&#8217;s Footsteps: Why Will Investors Buy Convertible Notes With No Interest?</a>
GME Price Action: <a href="http://benzinga.com/quote/gme" target="_blank" rel="noreferrer noopener">GameStop shares</a> closed Wednesday up 11.7%. The stock was down 10.5% at $25.37 at the time of publication Thursday morning, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

GameStop Stock Is Moving Lower Thursday: What's Going On?

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.2% on Thursday.
Shares of Verint Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected fourth-quarter financial results and issued FY26 EPS guidance with its midpoint <a href="https://www.benzinga.com/quote/VRNT">below estimates.</a>
Verint reported quarterly earnings of 99 cents per share which missed the analyst consensus estimate of $1.27 per share. The company reported quarterly sales of $253.55 million which missed the analyst consensus estimate of $276.99 million.
Verint Systems shares dipped 11.2% to $19.20 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Northpointe Bancshares, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPB#NYSE">NPB</a>) fell 30% to $10.01 in pre-market trading. Northpointe Bancshares will release its first quarter 2025 financial results on Tuesday, April 22, 2025, after the closing bell.</li>
<li>Coda Octopus Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) shares dipped 11.6% to $5.41 in pre-market trading.</li>
<li>MAC Copper Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTAL#NYSE">MTAL</a>) fell 10.8% to $9.41 in today's pre-market trading.</li>
<li>Lixiang Education Holding Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) fell 10.3% to $16.34 in pre-market trading after surging 75% on Wednesday.</li>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) fell 7.5% to $3.90 in pre-market trading after announcing a proposed offering of new shares.</li>
<li>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) declined 6.8% to $47.50 in pre-market trading. On Wednesday, a 25% tariff was imposed by President Donald Trump on foreign-made automobiles, citing that automotive imports still pose a threat to the country's industrial base and national security. </li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) declined 6.7% to $26.45 in pre-market trading as the company said it intends to offer $1.3 billion worth of its 0.00% convertible senior notes due 2030 in a private offering to institutional investors. The company plans to grant the initial purchasers 13 days to purchase up to an additional $200 million.</li>
<li>Lionsgate Studios Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LION#NASDAQ">LION</a>) shares fell 6.7% to $7.01 in pre-market trading.</li>
<li>Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) fell 4.5% to $56.49 in pre-market trading.</li>
<li>Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) declined 3% to $9.99 in pre-market trading. On Wednesday, a 25% tariff was imposed by President Donald Trump on foreign-made automobiles, citing that automotive imports still pose a threat to the country's industrial base and national security. </li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/03/44496478/top-2-industrials-stocks-that-may-crash-in-q1">Top 2 Industrials Stocks That May Crash In Q1</a></li>
</ul>

Pre-Market Outlook

Trading Ideas

CODA

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Verint Systems Posts Downbeat Results, Joins Nio, General Motors And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Damon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMN#NASDAQ">DMN</a>) stock increased by 43.2% to $0.06 during Thursday's pre-market session. The company's market cap stands at $8.8 million. </li>
<li>J-Long Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) shares increased by 15.47% to $5.0. The market value of their outstanding shares is at $15.7 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) shares increased by 14.16% to $4.19. The market value of their outstanding shares is at $20.0 million. As per the news, the Q4 earnings report came out today. </li>
<li>LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) stock rose 12.71% to $1.33. The company's market cap stands at $147.8 million. The company's, Q4 earnings came out 2 days ago. </li>
<li>Hour Loop (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOUR#NASDAQ">HOUR</a>) stock increased by 12.5% to $2.25. The company's market cap stands at $79.0 million. </li>
<li>Heidmar Maritime Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMR#NASDAQ">HMR</a>) stock rose 10.44% to $3.49. The market value of their outstanding shares is at $199.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Twin Hospitality Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWNP#NASDAQ">TWNP</a>) stock declined by 16.1% to $5.92 during Thursday's pre-market session. The company's market cap stands at $296.9 million. </li>
<li>Nova Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVFY#NASDAQ">NVFY</a>) shares fell 11.27% to $0.64. The market value of their outstanding shares is at $4.7 million. </li>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) shares declined by 11.1% to $16.19. The company's market cap stands at $18.8 million. </li>
<li>QVC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QVCGA#NASDAQ">QVCGA</a>) shares fell 9.33% to $0.19. The market value of their outstanding shares is at $75.9 million. </li>
<li>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) stock decreased by 7.87% to $26.13. The market value of their outstanding shares is at $11.6 billion. The company's, Q4 earnings came out 2 days ago. </li>
<li>NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares decreased by 7.59% to $3.9. The company's market cap stands at $8.1 billion. The company's, Q4 earnings came out 4 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

HOUR

NVFY

QVCGA

TWNP

WKSP

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

As GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has announced a convertible bond offering to acquire Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), mirroring Strategy Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STR#NASDAQ">STR</a>) plan, experts explain why investors would buy a bond with a 0% coupon.
What Happened: After announcing the change in its investment policy to include Bitcoin as a treasury reserve asset, Ryan Cohen&#8216;s GameStop announced a proposed private offering of $1.3 billion of 0% convertible senior notes.
These notes are general unsecured obligations of GameStop, which will not bear regular interest, and the principal amount of the notes will not accrete.
Institutional investors usually invest in convertible bonds because they&#8217;re a hybrid investment instrument that can be exchanged for equity in the company at a later date. The conversion feature of these notes eventually helps the debt holders to participate in the equity upside on conversion.
But apart from that, according to Tom Lee, the CIO at Fundstrat Capital, these bonds also provide debt investors an <a href="https://www.benzinga.com/25/03/44375602/michael-saylors-mstr-provides-bitcoin-exposure-to-bondholders-with-its-novel-strategy-tom-lee-says-its-helping-bond-managers-outperform-the-market">exposure to Bitcoin</a>, which he described as a &#8220;novel strategy,&#8221; in the case of erstwhile MicroStrategy, led by Michael Saylor.
&#8220;You might wonder why are bondholders buying these bonds? They are offering for the first time, the ability for someone to put a $1 billion worth in a bond world to own a bond that has exposure to bitcoin,&#8221; Lee said. 
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44491710/gamestop-cash-pile-expands-3-4-in-q4-amid-bitcoin-buying-report-analyst-says-stock-could-drop-if-valued-as-a-btc-treasury-like-michael-saylors-mstr">GameStop Cash Pile Expands 3.4% In Q4 Amid Bitcoin Buying Report: Analyst Says Stock Could Drop If Valued As A BTC Treasury Like Michael Saylor&#8217;s MSTR</a>
Why It Matters: Also, the risk faced by such bonds usually includes refinancing of the debt, explains Bryan Goldstein, the client advisor at Matthews South.
&#8220;The risk is similar to any debt repayment where there is a fixed amount that needs to be repaid, and if the company doesn&#8217;t have cash to repay the bonds they need to refinance &#8211; if equity is one of the options, it would require more shares to be issued,&#8221; Goldstein said.
Furthermore, since the bonds are general unsecured obligations, they aren&#8217;t pegged to Bitcoin value directly.
&#8220;There are generally no financial/maintenance covenants in unsecured convertible bonds that could put the company at risk. The main risk again is on the refinancing at maturity that if the company has assets in bitcoin that need to be liquidated at a lower point, then it stresses the financials of the company,&#8221; added Goldstein.
&#8220;Clearly, the market price of the stock and thus the converts will move with the price of Bitcoin. But if Bitcoin fell to $1,000 tomorrow, it would not trigger anything with the bonds. They would still have the same maturity schedule,&#8221; said Eli Pars, the co-chief investment officer at Calamos Investments.
Price Action: GameStop rose 11.65% on Wednesday, and it was down 7.40% in premarket on Thursday. The stock has fallen 7.50% on a year-to-date basis, whereas it is 115.34% higher over a year.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Thursday. The SPY was up 0.053% to $568.89, while the QQQ declined 0.060% to $484.09, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a> data.
Benzinga's Edge Rankings suggest that GME is experiencing a negative price trend for both short and medium-term periods. While its momentum was ranked at the 92.93th percentile, growth and value rankings were notably weak, detailed <a href="https://www.benzinga.com/report/GME">information is available here</a>.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/report/GME"><img loading="lazy" decoding="async" width="808" height="142" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27065204/GME-edge-1.png" alt="" class="wp-image-844509" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27065204/GME-edge-1.png 808w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27065204/GME-edge-1-300x53.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27065204/GME-edge-1-768x135.png 768w" sizes="(max-width: 808px) 100vw, 808px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/03/44508744/donald-trump-reacts-to-selloff-following-auto-tariffs-that-can-take-care-of-itself-in-one-day-two-days-or-one-week">Trump Reacts To Selloff Following Auto Tariffs: &#8216;That Can Take Care Of Itself In One Day, Two Days, Or One Week&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Bonds

Futures

Analyst Ratings

GameStop Follows MSTR's Footsteps: Why Will Investors Buy Convertible Notes With No Interest?

GME: -10% &#x7C; <a href="https://www.benzinga.com//node/44511037">GameStop shares are trading lower after the company announced a proposed private offering of $1.3 billion in convertible senior notes due 2030.</a>
&nbsp;
NIO: -8% &#x7C; <a href="https://www.benzinga.com//node/44510983">NIO shares are trading lower after the company announced a proposed offering of new shares.</a>
&nbsp;
GTEC: 105% &#x7C; <a href="https://www.benzinga.com//node/44503149">Greenland Technologies shares are trading higher after the company reported a year-over-year increase in FY24 EPS results.</a>

GTEC

Market-Moving News for March 27th

WIIM

GameStop shares are trading lower after the company announced a proposed private offering of $1.3 billion in convertible senior notes due 2030.

U.S. stock futures were swinging between gains and losses on Thursday after snapping a three-day winning streak on Wednesday. Futures of major benchmark indices were mixed in premarket trading.
Aiming to boost U.S. manufacturing and reduce reliance on global suppliers, new auto tariffs were introduced on Wednesday, which will go into effect from April 3.
Projected to generate $100 billion annually, President Donald Trump stated the policy &#8220;will continue to spur growth.&#8221; It&#8217;s noted that within the <a href="https://www.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move">USMCA agreement</a>, the 25% tariff only impacts the non-U.S. content of auto goods from Canada and Mexico. 
With the 10-year Treasury yield at 4.38% and the 2-year at 4.02%, the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows markets pricing in a 90.4% likelihood of the Federal Reserve maintaining current interest rates through its May meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.01%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.07%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.17%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.31%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were mixed in premarket on Thursday. The SPY was up 0.10% to $569.18, while the QQQ declined 0.025% to $484.26, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Most sectors on the S&amp;P 500 closed lower on Wednesday, with Consumer Discretionary, Communication Services, and Information Technology stocks recording the biggest losses.
However, Utilities and Consumer Staples bucked the overall market trend, closing the session higher.
Dragging the tech-heavy index Nasdaq down were major stocks like Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which fell over 2%, while Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ: GOOGL declined more than 3%.
On the economic data front, U.S. new orders for manufactured durable goods rose 0.9% month over month in February to $289.3 billion.
The Dow Jones index fell 133 points or 0.31% on Wednesday to 42,454.79, whereas the S&amp;P 500 index was down 1.12% at 5,712.20. Nasdaq Composite notched a 2.04% drop to end at 17,899.02, and the small-cap gauge, Russell 2000, declined 1.03% to 2,073.83.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.04%</td>
<td>17,899.02</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.12%</td>
<td>5,712.20</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.31%</td>
<td>42,454.79</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.03%</td>
<td>2,073.83</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
As Trump introduced auto tariffs and the date for implementing &#8220;reciprocal tariffs&#8221; near, Louis Navellier, the founder and CIO of Navellier &amp; Associates, said, &#8220;Expect volatility. Buckle up.&#8221;
&#8220;We&#8217;re a week away from Trump&#8217;s &#8216;Liberation Day,&#8217; when he plans to implement reciprocal tariffs, focusing on trading partners with significant trade imbalances with the U.S. It&#8217;s a risk factor that investors have never faced and may explain why the VIX is starting to rise again after falling since the March 10th high,&#8221; he added.
Scott Wren, senior global market strategist at Wells Fargo, believes that although tariffs come with anticipated economic costs, actions by both companies and consumers can substantially lessen their negative impact.
&#8220;Let&#8217;s be clear: We expect tariffs to have some economic cost," Wren acknowledged. He pointed out that price hikes implemented by some U.S. firms due to tariffs have often been lower than the tariff percentage itself, noting that strong corporate profitability provides "some room to absorb a portion of the price increases."
Steps toward mitigation are already being taken, Wren indicated. "Keep in mind that some companies have been diversifying supply chains since the early days of the pandemic or even prior to that," he elaborated.
Consumer behavior also factors in. "Consumers can also blunt some of the effect of potential tariffs… for many products, there are substitution possibilities," Wren remarked, mentioning shifts toward domestic products as an example. He assesses that "these reactions will blunt and dilute much of the negative tariff impact."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul>
<li>Initial jobless claims data, second revision of GDP, advanced U.S. trade balance in goods, and advanced wholesale inventories data are to be released at 8:30 a.m. ET.</li>
</ul>
<ul>
<li>Pending home sales data is set to be released at 10 a.m. ET.</li>
</ul>
<ul>
<li>Richmond Fed President Tom Barkin is set to speak at 4:30 p.m.</li>
</ul>
Stocks In Focus:
<ul>
<li>TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) was up 0.27% in premarket on Thursday ahead of its earnings before the opening bell. Analysts expect quarterly earnings of $2.91 per share on revenue of $14.79 billion.</li>
</ul>
<ul>
<li>Winnebago Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) was down 0.029% as Wall Street expects it to report earnings of 13 cents per share on revenue of $616.66 million before the opening bell.</li>
</ul>
<ul>
<li>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) slipped 0.38% ahead of its earnings after the closing bell. Analysts expect quarterly earnings of $5.85 per share on revenue of $3.57 billion.</li>
</ul>
<ul>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) jumped 11.79% after reporting better-than-expected fourth-quarter financial results and issuing first-quarter guidance above estimates.</li>
</ul>
<ul>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) dropped 6.42% after it announced the issuance of $1.3 billion worth of its 0.00% convertible senior notes due 2030 in a private offering to institutional investors to acquire Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).</li>
</ul>
<ul>
<li>American Rebel Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) slumped 24.63% as the company announced that it will implement a 1-for-25 reverse stock split on March 31, 2025, reducing shares from ~10.6 million to ~423 thousand.</li>
</ul>
<ul>
<li>SAGE Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) declined 2.91% after it announced that Jacqui Cartin will replace Jonathan Howell as CFO in January 2026.</li>
</ul>
<ul>
<li>Aura Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AURA#NASDAQ">AURA</a>) rose 9.68% as it highlighted progress with Bel-Sar. Bel-sar showed positive Phase 1 NMIBC data at the EAU Congress.</li>
</ul>
<ul>
<li>Soleno Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNO#NASDAQ">SLNO</a>) surged 36.82% after it received FDA approval for VYKAT XR (diazoxide choline), the first treatment for hyperphagia in Prader-Willi syndrome for patients aged four and older.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.39% to hover around $69.38 per barrel.
Gold Spot US Dollar advanced 0.59% to hover around $3,036.97 per ounce. Its previous record high stood at $3,057.51 per ounce.
Asian markets closed on a mixed note on Thursday. China&#8217;s CSI 300, India's S&amp;P BSE Sensex, and Hong Kong's Hang Seng index rose in trade. Whereas, South Korea's Kospi, Japan's Nikkei 225, and Australia's ASX 200 index declined. European markets were lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44508744/donald-trump-reacts-to-selloff-following-auto-tariffs-that-can-take-care-of-itself-in-one-day-two-days-or-one-week">Trump Reacts To Selloff Following Auto Tariffs: &#8216;That Can Take Care Of Itself In One Day, Two Days, Or One Week&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Asia

Earnings

Earnings Beats

Earnings Misses

Macro Notification

Broad U.S. Equity ETFs

Guidance

Eurozone

Forex

Treasuries

Federal Reserve

ETFs

General

AREB

AURA

GOOG

SAGE

SLNO

US Stocks Likely To Open Mixed: 'Expect Volatility. Buckle Up,' Says Expert

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects TD SYNNEX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) to report quarterly earnings at $2.91 per share on revenue of $14.79 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. TD SYNNEX shares gained 0.4% to $126.00 in after-hours trading.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) said it intends to offer $1.3 billion worth of its 0.00% convertible senior notes due 2030 in a private offering to institutional investors. The company plans to grant the initial purchasers 13 days to purchase up to an additional $200 million. GameStop shares dipped 7.4% to $26.26 in the after-hours trading session.</li>
<li>Analysts expect Winnebago Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) to post quarterly earnings at 13 cents per share on revenue of $616.66 million. The company will release earnings before the markets open. In after-hours trading, Winnebago shares slipped 0.1% to $34.75.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates. Steelcase shares jumped 11.8% to $11.85 in the after-hours trading session.</li>
<li>Analysts expect Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) to post quarterly earnings at $5.85 per share on revenue of $3.57 billion after the closing bell. Lululemon shares fell 0.1% to $337.35 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/25/03/44492633/jim-cramer-palantir-is-a-winner-recommends-selling-this-tech-stock">Jim Cramer: Palantir Is A &#8216;Winner,&#8217; Recommends Selling This Tech Stock</a></li>
</ul>
Photo courtesy: Shutterstock

TD SYNNEX, Lululemon Athletica And 3 Stocks To Watch Heading Into Thursday

A cryptocurrency named after GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), which jumped more than fivefold due to the firm&#8217;s Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy, dramatically reversed course on Wednesday.
What happened: BNB Chain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>)-based GameStop Coin (GME) tanked 94% in the last 24 hours, <a href="https://in.benzinga.com/25/03/44486233/gamestop-themed-memecoin-explodes-467-after-firm-adds-bitcoin-to-reserves">wiping out all of the gains</a> from the previous day&#8217;s 467% rally. The meme coin exhibited rapid, short-lived rallies before eroding its entire value. 
It must be noted that the meme coin isn&#8217;t related to GameStop in any way but merely capitalizes on the hype surrounding the meme stock.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44487309/jim-cramer-applauds-gamestop-for-acting-on-his-bitcoin-ploy-as-apex-crypto-barely-moves-after-his-remark">Jim Cramer Applauds GameStop For Acting On His &#8216;Bitcoin Ploy,&#8217; CEO Ryan Cohen Can&#8217;t Help But React</a>
Why It Matters: The pullback mirrored the movement of GameStop's shares, which tumbled 7.62% in after-hours trading after the company announced a <a href="https://www.benzinga.com/general/gaming/25/03/44504061/gamestop-stock-tumbles-after-the-bell-whats-going-on">$1.3 billion convertible debt offering</a>.
The offering allows investors to convert bonds into a predetermined number of shares on or before April 1, 2030, potentially diluting shareholders' value.
In a recent filing, GameStop approved adopting Bitcoin as a <a href="https://www.benzinga.com/general/gaming/25/03/44482313/gamestop-q4-earnings-revenue-miss-eps-beat-shares-surge-as-board-approves-bitcoin-as-treasury-reserve-asset">treasury reserve asset </a>and stated that it intended to support the purchases using cash, future debt, and equity issuances.
Price Action:&nbsp; &nbsp;At the time of writing, GME was exchanging hands at $0.0001375, down 94% in the last 24 hours,&nbsp;<a href="https://coinmarketcap.com/currencies/gamestopcoin-net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to CoinMarketCap.
Before the after-hours plunge, GME shares closed 11.7% higher at $28.36 during Wednesday&#8217;s regular session, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
The stock demonstrated high momentum—a measure of a stock's relative strength based on its price movement patterns and volatility—as of this writing.  Visit <a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">Benzinga's Edge Rankings score</a> to identify stocks with a higher momentum score.
Photo by Avi Rozen on Shutterstock
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GameStop-Themed Memecoin Takes Sharp U-Turn, Tanks 94% After Company's New Debt Offering To Buy Bitcoin

U.S. stock markets experienced a downturn on Wednesday, with all major indices showing losses by midday. Renewed concerns over tariffs have unsettled investors, as President Donald Trump signaled potential new trade duties on automobiles. 
For the day, the Dow Jones Industrial Average declined 0.3% to 42,454.79, while the S&amp;P 500 dropped 1.1% to 5,712.20. The tech-heavy Nasdaq saw a steeper fall of 2% to 17,899.01.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
Nvidia&#8217;s stock fell by 5.74% to close at $113.76, with an intraday high of $118.84 and a low of $112.71. The stock has a 52-week range of $153.13 to $75.61. The decline comes amid <a href="https://www.benzinga.com/25/03/44500725/whats-going-on-with-nvidia-stock-wednesday">market weakness and uncertainty</a> surrounding tariffs. Earlier this week, the Wall Street Journal reported that the Trump administration might narrow the upcoming tariffs, potentially excluding certain industries.
GameStop Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares surged by 11.65%, closing at $28.36, with a high of $29.80 and a low of $27.32. The stock&#8217;s 52-week range is $64.83 to $9.95. In the after-hours trading, the shares fell sharply by 7.62%. The increase followed the company&#8217;s announcement of a <a href="https://in.benzinga.com/general/gaming/25/03/44504061/gamestop-stock-tumbles-after-the-bell-whats-going-on">proposed private offering</a> of $1.3 billion in convertible senior notes. The offering is aimed at institutional investors, with an option to purchase an additional $200 million. The retailer plans to use net proceeds to purchase Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). 
Ford Motor Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)
Ford&#8217;s stock saw a slight increase of 0.10%, closing at $10.30, with an intraday high of $10.35 and a low of $10.09. The 52-week range is $14.85 to $9.06. The stock&#8217;s performance is influenced by the recent <a href="https://in.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move">imposition of a 25% tariff</a> on auto imports by Trump. This move aims to boost domestic production but could financially impact automakers reliant on global supply chains.
Rivian Automotive, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)
Rivian&#8217;s stock decreased by 2.10%, closing at $12.10, with a high of $12.66 and a low of $11.95. The stock&#8217;s 52-week range is $18.86 to $8.26. The decline followed the company&#8217;s announcement of <a href="https://in.benzinga.com/trading-ideas/movers/25/03/44494216/rivian-doubles-down-on-ev-innovation-with-micromobility-spin-off-stock-gains">spinning off</a> its micromobility business into a new entity, Also, Inc. This strategic move aims to focus on innovation within the electric vehicle sector.
Tesla, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock dropped by 5.58%, closing at $272.06, with an intraday high of $284.90 and a low of $266.51. The 52-week range is $488.54 to $138.80. In the after-hours session, the shares slipped another 1.34%. The decline is attributed to market weakness and <a href="https://in.benzinga.com/25/03/44500917/whats-going-on-with-tesla-shares-wednesday-2">tariff uncertainty</a>. The Wall Street Journal reported that the Trump administration might exclude certain industries from the upcoming tariffs.
Image via Shutterstock
Prepare for the day&#8217;s trading <a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a> by Benzinga.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are trading lower in Wednesday&#8217;s after-hours session after the company announced a <a href="https://www.benzinga.com/pressreleases/25/03/g44502682/gamestop-announces-proposed-private-offering-of-1-3-billion-of-convertible-senior-notes">proposed private offering</a>.
What Happened: After market close on Wednesday, GameStop said it intends to offer $1.3 billion worth of its 0.00% convertible senior notes due 2030 in a private offering to institutional investors. The company plans to grant the initial purchasers 13 days to purchase up to an additional $200 million.
Taking a page out of <a href="https://in.benzinga.com/general/gaming/25/03/44466706/gamestop-q4-earnings-preview-will-video-game-retailer-unveil-bitcoin-purchase">Strategy&#8217;s playbook</a>, GameStop said it intends to use the net proceeds from the offering to buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
The news comes a day after GameStop reported fourth-quarter earnings and announced the approval of Bitcoin as a <a href="https://www.benzinga.com/general/gaming/25/03/44482313/gamestop-q4-earnings-revenue-miss-eps-beat-shares-surge-as-board-approves-bitcoin-as-treasury-reserve-asset">treasury reserve asset</a>. The company noted in a filing that it planned to use a portion of its cash or future debt and equity issuances to invest in Bitcoin.
"We have not set a maximum amount of Bitcoin we may accumulate, and may sell any Bitcoin we may acquire," the company said in a filing.
GameStop previously made a push into the crypto space with the launch of wallets that let users manage crypto and NFTs, but pivoted in 2023 due to&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/33511904/gamestop-cites-regulatory-uncertainty-drops-ios-chrome-extension-crypto-wallet-support" target="_blank" rel="noreferrer noopener">&#8220;regulatory uncertainty.&#8221;</a>
Investors have been speculating about a potential Bitcoin strategy from GameStop ever since CEO Ryan Cohen <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43605313/gamestop-stock-is-surging-monday-whats-going-on">posted a picture</a> with Strategy&#8217;s Michael Saylor on X last month.
Wedbush's Michael Pachter called GameStop&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44491710/gamestop-cash-pile-expands-3-4-in-q4-amid-bitcoin-buying-report-analyst-says-stock-could-drop-if-valued-as-a-btc-treasury-like-michael-saylors-mstr" target="_blank" rel="noreferrer noopener">&#8220;a rich man&#8217;s MicroStrategy"</a>&nbsp;in an interview Wednesday morning ahead of the offering. 
"If GameStop were to buy all Bitcoin with their $4.6 billion in cash and trade at two times, the stock would drop five bucks," the analyst said.
GME Price Action: <a href="http://benzinga.com/quote/gme" target="_blank" rel="noreferrer noopener">GameStop shares</a> closed Wednesday up 11.65% on the back of earnings and the Bitcoin investment announcement. The stock was down 7.26% after hours, trading at $26.30 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
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Photo: Shutterstock.

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