GameStop seeks to split stock for the first time since 2007, shares jump nearly 17% in after-hours trading (nice jump 😉) - The Great Awakening

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GameStop seeks to split stock for the first time since 2007, shares jump nearly 17% in after-hours trading (nice jump 😉) (www.marketwatch.com) 👀 EYES ON! 👀

posted 2 years ago by _Big_Mike_Robinson 2 years ago by _Big_Mike_Robinson +200 / -0

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– Thothbag 2 points 2 years ago +2 / -0

What does splitting stocks mean?

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– carbonbike 1 point 2 years ago +1 / -0

Instead of 76 mil shares, 532 mil are issued and every stockholder gets 7 shares instead of one. The stock price gets reduced to 1/7, accordingly.

But as said, this is gonna be a stock dividend, it's different.

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