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Brian Chappatta

GameStop Is Soaring Again, But Why Aren’t Its Bonds?

Stripping out Reddit’s day traders reveals a more sober look at the company’s outlook.

Debt cuts through the noise.

Debt cuts through the noise.

Photographer: Tiffany Hagler-Geard/Bloomberg

So you heard in January about the huge rise in shares of GameStop Corp., or what Tesla Inc.’s Elon Musk called #Gamestonk. You might even be aware that the stock is surging again, with a rally nearing 100%.

But have you heard about ... #Gamebond?