GameStop Announces Four-For-One Stock Split; Shares Rise - 07 iulie 2022

GameStop Corp. (US.GME) shares jumped 11% in premarket trading on Thursday after announcing a four-for-one stock split in the form of a dividend, becoming one of the latest companies to do so as the practice has gained in popularity.

Share splits had almost disappeared from U.S. stock markets before Apple Inc. (US.AAPL) and Tesla Inc. (US.TSLA) revived the practice after splitting their stocks in 2020. Amazon.com Inc. (US.AMZN) followed suit earlier this year. The moves helped trigger rallies in the companies’ shares as retail investors, who tend to favor stocks with lower price tags, flocked to them.

The dividend will be distributed after the close of trading on July 21, the company said Wednesday in a statement.

https://finance.yahoo.com/news/gamestop-announces-four-one-stock-204139167.html