Saturday, May 31, 2025

Latest

GameStop Announces Plans To Conduct Stock Split

The executives over at GameStop Corp (NYSE: GME) appear to be taking a page out of Elon Musk’s playbook. The firm last night announced that it is seeking shareholder approval to increase the number of authorized shares outstanding in the company.

The approval is being sought to enable the company to conduct a forward stock split. Presently, the firm is seeking permission to expand its share count from 300 million to 1.0 billion. The approval would enable the company to conduct a share split ratio of up to three for one, although the company did not provide details on what ratio it intends to conduct the forward split at.

The split is to be conducted via a stock dividend.

The filing was well received by investors, with the company currently gaining 15% in pre-market trading following the revelation.

Tesla (NASDAQ: TSLA) conducted a similar move on Monday, announcing plans for a stock split just two years after it conducted a 5 for 1 split in August 2020. The company traded up 6.15% in premarket trading on that news, and is currently up 6.6% on the week.

GameStop Corp last traded at $166.58 on the NYSE.


Information for this briefing was found via Edgar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

GameStop Crashes 17% In Pre-Market Trading After Announcing Plan To Sell 75 Million Shares On Open Market

After speculators spent all evening yesterday estimating the gain of Roaring Kitty’s portfolio on GameStop...

Friday, June 7, 2024, 08:29:21 AM

Roaring Kitty Returns With $180 Million GameStop Investment, Sends Stock Price Up By 70%

Keith Gill, known by his online aliases Roaring Kitty and DeepFuckingValue, has made a massive...

Monday, June 3, 2024, 08:23:15 AM

RFK Jr. Invests $24,000 in GameStop, Courting Meme Stock Investors

Independent presidential candidate Robert F. Kennedy Jr. wants to win over all the anti-establishment voters....

Wednesday, May 22, 2024, 11:41:00 AM

NFT Market And Its US$16-Billion Collapse In 2022 (So Far)

The nonfungible token craze seemed to have already seen its peak back in January 2022...

Thursday, September 29, 2022, 01:00:00 PM

Citron Research Exits GameStop Short Position, Says It Respects ‘Market’s Irrationality’

Well-known short-seller Citron Research announced Wednesday that it had closed its short position in the...

Thursday, June 13, 2024, 10:09:43 AM