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GameStop Shares Edge Up 1.3% as Meme Stock Steadies While Investors Track Ryan Cohen's Pursuit of eBay

GameStop shares rose modestly after recent losses as investors weighed Ryan Cohen's proposed eBay takeover, shareholder support, Wall Street scepticism and weakness in the retailer's core business.
ibtimes.com.au
October 28, 2026
5
Mike Claire
GameStop Shares Edge Up 1.3% as Meme Stock Steadies While Investors Track Ryan Cohen's Pursuit of eBay
WHAT HAPPENED
s authorized shares of Class A common stock. The amendment received 68.7% of votes cast. The company said the change GameStop shares rose 31 cents, or 1.31%, to $23.66 in late-morning trading on the New York Stock Exchange at 11:13 a.m. The gain came after the stock fell 3.71% on Monday to close at $23.90 and slipped further on Tuesday. In May, the company made a nonbinding offer to buy eBay for $125 a share, or about $56 billion, in a deal split equally between cash and GameStop stock. GameStop said it had a $20 billion debt commitment to help fund the purchase, along with about $9.4 billion in cash.
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