GRAPEVINE, Texas — GameStop Corp. shares traded slightly higher Tuesday, around $18.50, as investors digested preliminary quarterly results and waited for a $1.4 billion convertible-note exchange to close later this week.

The stock was up about 11 cents, or 0.6 percent, after Monday's 2.9 percent gain. Volume was lighter than Monday's surge. The 52-week range remains $17.79 to $28.10. Market value is about $8.3 billion.

Monday's move followed two company announcements. GameStop issued unaudited figures for the 13 weeks ended Aug. 1 and amended exchange agreements with holders of 0.00% convertible notes due 2030 and 2032. The exchange is now expected to settle on or about Sept. 3.

Under the revised terms, noteholders will receive about 55.5 million Class A shares — roughly 73 percent of the consideration — and about $358.4 million in cash, or 27 percent, funded from cash on hand. The original plan was to settle the entire $1.4 billion swap in stock based on a 35-day volume-weighted........

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