GME stock

GameStop shares rose sharply on Thursday, March 31, after the video game retailer announced plans to split its stock.

GameStock joins a growing list of other high-profile companies that have either split their stock or have plans to do so in the near future. "We recognize that our special connection with gamers provides us a unique opportunity in the Web 3 and digital asset world," GameStop executives told investors on its latest earnings call. Lower-priced GameStop shares may also attract retail meme-stock enthusiasts.As part of its transformation to a technology-focused company, GameStop plans to open an NFT marketplace by the end of the second quarter. Investopedia does not include all offers available in the marketplace. On Monday, March 28, Tesla announced it had plans for another stock split but did not provide specific details. If approved, the stock split would increase the number of GameStop Class A common shares from 300 million to 1 billion.The video game retailer joins Google parent Alphabet, Amazon, and Tesla, which recently announced upcoming stock splits.GameStop says the stock split would "provide flexibility for future corporate needs."

Video game retailer GameStop ( GME 5.33% ) is planning to split its stock, probably later this year. Investors love the idea, sending GameStop shares as ...

The stock traded for less than $5 per share in the summer of 2000, when the market cap was less than $300 million. The old business model isn't working, and GameStop needs to overcome its high capital costs in a hurry. Nokia doubled its share count in 1995, again in 1998, and once again in the spring of 2000. Ericsson took some action along the way, doing a reverse stock split at a ratio of 1-for-10 in 2002. GameStop is now searching for a long-term strategy, but its management team and board of directors have been tight-lipped about the details of this strategy shift. Mind you, we're still talking about experienced leaders in the telecom sector with multibillion-dollar market caps and massive revenue -- but the stock splits of the golden age dropped their share prices into the low single digits. And as the cellphone market recovered from these calamities, the market meltdown of 2008 coincided with the arrival of modern smartphones. Ericsson ran through a 4-for-1 split in 1995 and another 4-for-1 in early 2000, sandwiching a 2-for-1 split between those actions in 1998. Nokia was the king of mobile phones before the smartphone revolution took place, and Ericsson was a serious contender. From early 1995 to the end of 1999, Ericsson's share price gained 511% while Nokia delivered a return of 1,970%. Selling more shares on the open market is another option, in case GameStop needs to raise some extra cash. GameStop is asking shareholders to boost the number of authorized shares from 300 million to 1 billion.

GME stock has been a big mover on news of a stock split proposal. Here's what this news actually means for GameStop shareholders.

For those bullish on the short squeeze thesis, this stock split makes a future squeeze more likely. Additionally, stock splits fundamentally lower the price per share of a given company. Very simply, a stock split can be thought of as making more slices of a pizza.

U.S. listed Chinese stocks are up after China reportedly considers sharing company audits. This would include sharing key information that would allow firms to ...

There's been renewed interest in meme stocks GME and AMC since mid March when their share prices started rallying again. So when will GameStop split its stock? The date for the annual shareholder meeting has yet to be announced, but historically the ...

The SEC filing denotes that the stock split is intended to provide "flexibility for future corporate needs." Take it with a few grains of salt, however, since GME is in a peculiar position in the stock market. Once the stock split occurs, the share price is lowered, making it more accessible to retail investors and company employees with stock compensation plans. In a stock split, the issuing company doesn't raise any capital for its own use. A stock split essentially makes the stock more accessible and flexible. If a company wants to increase the number of shares, say for a stock split or a public offering to raise capital, it needs shareholder approval to do so.