GameStop Corp’s GME.N board has approved a four-for-one stock split that will make it more affordable for investors to own shares of the video-game retailer at the center of last year’s “meme stock” trading frenzy.
s more affordable for individual investors by lowering the price without affecting the company’s valuation.skyrocketed more than 680% in 2021 thanks to retail traders on social media platforms such as Reddit who snapped up heavily shortedmanagement knows that they have a 100% retailholder base and so, they are catering to them,” said Wedbush Securities analyst Michael Pachter.
“It is also a distraction because the NFT market is dead, and that was the last thing that they did that tried to get people excited.”s have wound down roughly 20% as the Ukraine crisis and fears of a global recession clouded sentiment.
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