meme stock gamestop climbs after announcing a stock split for july 2022
video-computer-game retailer, the emblematic “meme stock price about to get
much cheaper, especially for less wealthy investors. meme stock Gamestop climbs after announcing a stock split for July 2022
GameStop Corp. (NYSE: GME) announced that its board of directors approved a four-for-one split. The split will be effective for stockholders of record at the close of business on July 18. The stock dividend will be distributed after the close of trading on July 21. Trading will begin on a stock split-adjusted basis on July 22. The stock split doesn’t directly impact the value of a company but divides existing shares into smaller pieces.
The stock still has a high level of social media interest more than a year after it was first taken off on Reddit’s WallStreetBets.
Several Big Tech companies also have recently announced stock splits to help improve affordability: Shopify ticker symbol(SHOP) the e-commerce platform with a 10 for 1 stock split and Amazon’s 20-for-1 both went into effect in June split, Alphabet, which owns Google, also recently announced a 20-for-1 split for both its Class A and Class C stocks, and Tesla also announced a 3-for-1 split in June.
