GameStop Approves 4-for-1 Stock Split
Dividend Will Be Distributed on July 21st
Move Follows Recent Stock Surge
GameStop Corp. (GME) has announced a 4-for-1 stock split in the form of a stock dividend. The split will be effective as of July 21st, 2022.
The move comes after GameStop's stock price surged in recent months. The stock has more than tripled in value since the beginning of the year, driven by a surge in retail investor interest.
GameStop said in a statement that the stock split is intended to make the stock more accessible to a wider range of investors. The company also said that the split will not affect the total value of its outstanding shares.
The news of the stock split was met with positive reactions from investors. GameStop's stock price rose by more than 10% in pre-market trading on July 6th.
The stock split is the latest in a series of moves by GameStop to attract new investors. In March, the company announced that it would be launching a new NFT marketplace.
GameStop's stock split is a significant event for the company and its investors. The move is likely to further increase interest in the stock and could help to drive the stock price even higher.
Conclusion
GameStop's stock split is a bold move by the company that could have a significant impact on its future. The split is likely to attract new investors and could help to drive the stock price even higher. However, it is important to remember that stock splits do not always lead to long-term gains. Investors should carefully consider their investment goals before making any decisions.
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