GameStop’s stock is being split at $38. Trading Will Begin Today

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Last Updated on July 23, 2022 by Bitfinsider

When the company’s four-for-one stock split becomes effective on Friday, the GameStop GME -8.19 percent narrative is likely to take a new turn.

All shareholders of record of GameStop as of the close of business on Monday will receive three extra shares. GameStop will give its extra shares to those who purchased them between Tuesday and Thursday.

GameStop stock will trade on a split-adjusted basis on Friday, which means that each share will be worth one-fourth of what it did before to the split. On a split-adjusted basis, the price would be $38.37 based on the Thursday closing price of $153.47 for GameStop stock. Friday’s premarket trading saw a 1.6 percent increase in GameStop’s share price to $38.99.

Because stock splits are similar to slicing the same pie into smaller pieces, they have no significant impact on the underlying business of the company.

However, because stocks that split tend to outperform the market, some investors swarm in before of the split. Since equities with significant momentum are more likely to split than market laggards, that is most likely an instance of the tail wagging the dog.

Even if GameStop stock is down 14 percent from where it traded a year ago, it is up 3.7 percent in 2022. The S&P 500SPX -0.91 percent is currently roughly 8 percent below where it was at this time in 2021 after falling around 16 percent so far this year.

Even after accounting for the split, the stock would be far higher than where most experts had projected GameStop to trade in 2020 and even 2021. Early in the epidemic, the stock was trading for less than $3, but it spiked in August 2020 after Chewy CHWY -4.18 percent co-founder Ryan Cohen disclosed a stake. In January 2021, he joined the board, sparking a purchasing frenzy among retail investors trading stock advice on Reddit. In a massive squeeze that choked some hedge funds, the price increase pushed investors who had bet against the company to unwind their holdings.

The closing price of GameStop stock was $347.51.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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