GameStop announces four-for-one stock split
Upcoming news article reveals stock split history since 2002
Prices shown are actual historical values and are not adjusted for either.
GameStop Corp. has announced a four-for-one stock split, which will take effect on July 22. This is the second stock split for GameStop in the past two years. The company previously announced a five-for-one stock split in June 2021.
The stock split will increase the number of outstanding shares from approximately 76 million to 304 million. The split is intended to make GameStop's stock more accessible to a wider range of investors. The company's stock has been trading at a high price in recent months, making it difficult for some investors to purchase shares.
GameStop's stock has been on a roller coaster ride in recent years. The stock surged to a high of over $480 in January 2021, but has since fallen back to around $100. The stock split is likely to provide a short-term boost to GameStop's stock price, but it remains to be seen whether the company can sustain its momentum in the long term.
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