GameStop Drops, Under Armour Falls, Wendy's Jumps After Report of Trian Raising Funds for Bid
On this episode of Stock Movers:- GameStop (GME) shares drop. EBay Inc. rejected a $56 billion takeover offer from GameStop Corp. Chief Executive Officer Ryan Cohen, describing the bid as “neither credible nor attractive.” EBay’s board turned down the offer due to “uncertainty” around the financing plan, operational risks, and GameStop’s governance, among other factors.- Under Armour (UAA) sinks. Guidance for this year missed Wall Street projections, weighed down by exiting a partnership with NBA star Stephen Curry and a financial hit from the conflict in…
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