Beijing time July 7th news,US video game retailer GameStop announces stock split. The split will be in the form of a dividend, which will be paid after the close on July 21.
Apple and Tesla split their stocks in 2020, and since then, there have been almost no stock splits in the U.S. market. At the beginning of this year, Amazon’s stock split brought the trend back. After the stock split, the stock price is lower, making it easier for retail investors to invest, which is conducive to the stock price rise.
GameStop’s business model and development direction have been controversial. Now that consumers like to buy digital games through online stores, it is understandable that the GameStop model is not optimistic. In response to the changes, GameStop has tried to move closer to e-sports and cryptocurrencies.
Shares of GameStop, which have fallen 21% so far this year, rose nearly 9% in after-hours after the announcement of the stock split.
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