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GameStop plans a stock split

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Miguel A. Rodriguez
Miguel A. Rodriguez
01 April 2022
GameStop could have a stock split for the first time in 15 years

GameStop revealed that it is considering asking its shareholders for authorization to increase the share count from 300 million to 1 billion. With this move, GameStop wants a stock split in the form of a dividend. According to an SEC filing, GameStop expects the share count to “provide flexibility for future corporate needs.”

The videogame retailer didn’t mention how many shares it intends to split in the stock if approved at the next annual meeting. If approved, this would be the company’s second stock split since the 2-for-1 on March 19, 2007.

Shares of GameStop have been on a roll in March, gaining as much as 35%. The stock was boosted when chairman Ryan Cohen purchased 100,000 shares, bringing its ownership to 11.9%.

After the news hit the wires, GameStop shares jumped almost 17%. The price went up 12% in the past three months, while USA500 has slipped approx. 5% in the same time span.

Sources: cnbc.com, marketwatch.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.