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Benzinga
Benzinga
Adam Eckert

Why GameStop Stock Is Trading Higher Today

GameStop GameStop Corp NYSE SEC

GameStop Corp (NYSE:GME) shares are trading higher Friday morning after the company filed a Form 8-K with the U.S. Securities and Exchange Commission showing plans for a stock split.

According to the SEC filing, GameStop plans to request shareholder approval at its 2022 Annual Meeting of Stockholders to increase the number of authorized shares of common stock from 300 million to 1 billion in order to implement the split in the form of a stock dividend and provide flexibility for future corporate needs.

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