GameStop shares are about to get much cheaper
CNN
GameStop shares will soon lose three quarters of their value. But don't worry: It's good news for stockholders.
The company announced Wednesday that its board approved a 4-for-1 stock split, effective July 22. Shares of the meme stock darling soared more than 8% in early trading following the news.
GameStop shares have fallen back to Earth following a Reddit-fueled spike last year. The stock is down about 16% this year, mirroring the broader market sell off.
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