{"id":425317,"date":"2022-04-01T19:39:07","date_gmt":"2022-04-01T16:39:07","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/gamestop-shares-surge-on-first-stock-split-plan-in-15-years\/"},"modified":"2022-04-01T19:39:07","modified_gmt":"2022-04-01T16:39:07","slug":"gamestop-shares-surge-on-first-stock-split-plan-in-15-years","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/gamestop-shares-surge-on-first-stock-split-plan-in-15-years\/","title":{"rendered":"#GameStop shares surge on first stock-split plan in 15 years"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3571cf05f02\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3571cf05f02\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/gamestop-shares-surge-on-first-stock-split-plan-in-15-years\/#%E2%80%9CGameStop_shares_surge_on_first_stock-split_plan_in_15_years%E2%80%9D\" >&#8220;GameStop shares surge on first stock-split plan in 15 years&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CGameStop_shares_surge_on_first_stock-split_plan_in_15_years%E2%80%9D\"><\/span>&#8220;GameStop shares surge on first stock-split plan in 15 years&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Shares of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>Stop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years.<\/p>\n<p>The company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in the form of a dividend. It plans to seek shareholder <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval at its upcoming annual meeting.<\/p>\n<p>A stock split would change the price-per-stock, but not the overall value of those holdings. The maneuver can push up a company\u2019s stock price at least temporarily, and it did so Friday. Shares of GameStop jumped 8% at the opening bell.<\/p>\n<p>JPMorgan Friday that while stock splits may not be the new buyback, they are \u201can additional tool to push stock prices higher despite financial theory saying otherwise.\u201d<\/p>\n<p>GameStop\u2019s announcement comes just days after electric vehicle maker\u00a0Tesla\u00a0announced its second stock split in less than two years. In addition,\u00a0Alphabet, Google\u2019s parent company, announced a 20-for-1 split in February. Amazon said this month that it would do a split of the same ratio.<\/p>\n<p>Big tech companies have pursued stock splits after major run-ups in the price of their shares, which can open the door to retail investors that do not have the financial heft to buy shares that head into quadruple digits.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"935\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gamestop-stock.jpg?w=935\" alt=\"Chairman Ryan Cohen outside a GameStop\" class=\"wp-image-21744531\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gamestop-stock.jpg?quality=75&amp;strip=all&amp;w=1870 1870w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gamestop-stock.jpg?quality=75&amp;strip=all&amp;w=1403 1402w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gamestop-stock.jpg?quality=75&amp;strip=all&amp;w=935 935w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gamestop-stock.jpg?quality=75&amp;strip=all&amp;w=468 467w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gamestop-stock.jpg?quality=75&amp;strip=all 1024w\" sizes=\"auto, (max-width: 935px) 100vw, 935px\"\/><figcaption>Investors have pinned their hopes on GameStop Chairman Cohen to push the traditional retailer in a more online direction.<\/figcaption><figcaption><span class=\"credit\"><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>\/Ryan Cohen<\/span><\/figcaption><\/figure>\n<p>However, a single share of Google, Tesla, or Alphabet cost between $1,000 and $3,300. And shares of Tesla, Alphabet and Apple are up between 30% and 60% over the past 12 months.<\/p>\n<p>Shares of GameStop are down 13% over that same stretch and can be had for less than $200 each.<\/p>\n<p>Yet GameStop became a\u00a0meme darling\u00a0early last year when hundreds of thousands of smaller investors suddenly started buying its shares, driving its price to heights that shocked Wall Street. The shares rocketed from $39 to $347 in just a week during its run-up.<\/p>\n<p>Any maneuvers from the company garner intense interest from retail investors, particularly after Chewy co-founder Ryan Cohen took a huge stake in the company and now sits on its board. Investors have pinned their hopes on Cohen to push the traditional retailer in a more online direction.<\/p>\n<p>In midday trading, shares of GameStop recently traded at $176.33, up 6%.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/01\/gamestop-shares-surge-on-first-stock-split-plan-in-15-years\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;GameStop shares surge on first stock-split plan in 15 years&#8221; Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":425318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/gamestop-stock16.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[127411,72128,70359,70360],"class_list":["post-425317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-1-22","tag-gamestop","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/425317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=425317"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/425317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/425318"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=425317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=425317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=425317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}