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Benzinga
Benzinga
Technology
Mark O'Donnell

What Does GameStop's Share Split Mean For The Short Squeeze?

GameStop Amazon Nasdaq NYSE Tesla Inc.

2022 is looking like a year of stock splits as companies seek to make their shares more appealing for retail investors. Following Alphabet (NASDAQ:GOOGL), Amazon's (NASDAQ:AMZN) and Tesla's (NASDAQ:TSLA) recent split announcements, GameStop (NYSE:GME) followed suit, hinting at plans for its first stock split in 15 years.

The American video game retailer, which has become a favorite “meme stock” among retail investors, disclosed in an SEC filing during aftermarket hours on Thursday that it plans to implement a stock split of its class A shares in the form of a stock dividend.

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