GameStop is following Tesla and Amazon with a planned stock split ...Middle East

Quartz - Economy
GameStop is following Tesla and Amazon with a planned stock split
source : Quartz ( Middle East ) () 11
The video game retailer and perennial meme stock GameStop will split its stock, pending approval by shareholders, according to a new regulatory filing on March 31. The company will increase its total number of shares from 300 million to 1 billion.GameStop’s stock price rose more than 15% in after-hours trading on the news.Although stock splits do not change the financial value of a shareholder’s ownership stake, they multiply each investor’s total number of shares and divide the price per share. In recent weeks, Amazon and Google have announced 20-for-1 stock splits, which would drastically lower their respective share prices from thousands of dollars per share to mere hundreds of dollars pe

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