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GameStop leverages 'console wars' for stock rebound

GameStop’s stock declined 1% on Oct. 28, extending its steep 11% decline over the last month. Earlier in the month, the retailer announced the distribution of warrants to shareholders and convertible noteholders as part of a previously declared “warrant dividend,” which analysts viewed as a form of financial engineering aimed at raising capital without incurring immediate share dilution. With the stock still down 24% year-to-date, GameStop has seized on a pop-culture event to reassert its relevance, whic ...