GameStop- Stock Split
After the four for one stock split, the GameStop GME 12.10% stock market will reopen on Friday.
Any GameStop shareholder who was present at the close on Monday will receive three additional shares.
GameStop- Additional Shares
The seller will give the additional shares to investors who purchased GameStop shares on Tuesday.
GameStop stock will trade Friday on a split-adjusted base. This means that one share will now be worth one-fourth.
GameStop- Adjusted One
GameStop stock closed Thursday at $153.47, mean that the split-adjusted price would be $38.37.
GameStop- Stock Closed
However, investors may rush to split stock stocks because they outperform the market.
GameStop- Outperform Market
Image Source- New York Posr
It is possible that investors are rushing to split stocks because stocks with strong momentum.
GameStop- Strong Momentum
GameStop stock has increased 3.7% in 2022, but it is still down 14% from 12 months ago.
GameStop- Graph Details
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