GameStop wants to split the shares
2022.04.01 00:14
GameStop wants to split the shares
Budrigannews.com – GameStop Corp., a video game retailer GME) stated on Thursday that it will seek shareholder approval to authorize a stock split in the form of a dividend and increase the number of its shares “to provide flexibility for future corporate needs.”
GameStop’s shares have soared from around $3 in March 2020 to over $165 at Thursday’s close, making it one of the biggest beneficiaries of the retail trading frenzy known as a “meme-stock”
In after-hours trading on Thursday, the company’s shares rose 14% to over $191.
Tesla and other retailers like GameStop (NASDAQ: Alphabet and TSLA) Inc. (NASDAQ: Amazon.com Inc. and Google (NASDAQ: Amazon.com Inc. (NASDAQ: AAPL), which have also split their shares in recent months to make them more affordable.
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