Funko (NASDAQ:FNKO) shares rose 3.8% after announcing a merchandise collaboration with Fumi Games and PlaySide Studios for the video game ‘Mouse: P.I. For Hire.’ The partnership introduced Jack Pepper as a Funko Pop! vinyl figure ahead of the game’s March 19, 2026 debut. The shares closed at $3.12, up 1.8% from the previous close.

Funko shares are volatile, with 56 moves greater than 5% in the last year. The recent move indicates the market sees the news as meaningful but not fundamentally changing its perception. The stock is down 77.1% since the beginning of the year, trading 78.5% below its 52-week high.

Read more at Barchart: Why Funko (FNKO) Stock Is Trading Up Today