GameStop Stock Split: What You Need to Know

GME Jumps 10% on Announcement

Texas, U.S. - July 22, 2022 - GameStop Corp. (GME) announced today that it will be implementing a four-for-one stock split in the form of a stock dividend. The news sent GME shares soaring by 10% in the opening minutes of Thursday's trading session.

What Does This Mean for Investors?

The stock split means that for every one share of GME stock currently owned, shareholders will receive four new shares. This will effectively increase the number of outstanding shares by a factor of four, but it will not change the total value of shareholders' investments.

Investors who purchase GME shares before 4 pm ET today will still be eligible to receive the new shares on Thursday. Trading will resume on Thursday at the split-adjusted price.

The Motley Fool

Yahoo Finance