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StockNews.com
StockNews.com
Business
Anushka Dutta

Is GameStop Stock a Buy After Its 4-for-1 Split?

Specialty retailer GameStop Corp. (GME) is a game and entertainment products provider operating through its various stores and e-commerce properties. The company sells new and pre-owned gaming platforms, accessories, new and pre-owned gaming software, and in-game digital currency.

GME’s stock jumped in extended trade after the company announced its 4-for-1 stock split earlier this month. The stock began trading on a split-adjusted basis on July 22. The company started trading at $38 per share, with shareholders of record receiving three additional shares for each one they previously owned. 

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