GameStop is surging again on first stock split in 15 years
https://apnews.com/1322b88f6446aa58c10d8ae9b1fd981c
Shares of GameStop surged before the market opened Friday after the video game retailer announced that it would attempt its first stock split in 15 years.
The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count from 300 million to 1 billion so it can implement a stock split in the form of a dividend. It plans to seek shareholder approval at its upcoming, annual stockholders meeting.