The video game retailer and perennial meme stock GameStop will split its stock, pending approval by shareholders, according to a new regulatory filing on March 31. GameStop’s stock price rose more than 15% in after-hours trading on the news. Although stock splits do not change the financial value of a shareholder’s ownership stake, they multiply each investor’s total number of shares and divide the price per share. Read More...
The video game retailer and perennial meme stock GameStop will split its stock, pending approval by shareholders, according to a new regulatory filing on March 31. GameStop’s stock price rose more than 15% in after-hours trading on the news. Although stock splits do not change the financial value of a shareholder’s ownership stake, they multiply each investor’s total number of shares and divide the price per share.
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