NASDAQ:GME 29 September 2025 - 27 October 2025

GameStop’s stock price has seesawed through October, giving both bulls and bears plenty of fodder. As of Monday morning, GME trades around $23.30 per sharemarketbeat.com, little changed from last week’s close. This level is roughly 25% below where it started the year and nearer to the stock’s 52-week low than its highmarketbeat.commarketbeat.com. In other words, much of 2025’s earlier rally has faded, though the stock is still up modestly year-on-year. Just last week, GameStop enjoyed a burst of momentum: on Thursday the 23rd the stock jumped over 5% to $23.63tipranks.com, catching traders’ attention. The rally came seemingly out of nowhere, with no major news from the company. Instead, bullish options trading appeared to drive the surge – volumes of call options exploded to ~233,000 contracts, while bearish put activity dried uptipranks.com. By the end of that session the put/call ratio hit just 0.1, revealing traders “firmly betting on more upside” for GME in the very short termtipranks.com. This kind of options-fueled spike is reminiscent of GameStop’s meme-stock heydays, when speculative flurries could send shares rocketing.

GameStop made headlines in early October. On Oct 3 it filed a “mixed shelf” SEC registration to issue new stock, debt, warrants, etc. streetinsider.com, giving it flexibility to raise capital quickly. Also effective Oct 3, shareholder warrants were distributed fxnewsgroup.com and an 11:10 stock splitwent into effect marketbeat.com. Trading in GME options was halted on Oct 3 gurufocus.com. In premarket trading Oct 3, CNBC flagged GME as a “biggest mover” blockchain.news; observers noted the stock “surged in early trading hours, potentially driven by retail investor enthusiasm and social media buzz” blockchain.news. Several recent earnings announcements have also boosted attention. GameStop reported very strong Q2 2025 results: net sales $972.2M and net income $168.6M sec.gov sec.gov, driven by cost cuts and crypto gains. Q1 2025 saw $732.4M sales sec.gov but a swing to profit sec.gov. These beats on profit helped fuel short-term rallies.