Zinger Key Points
- Meme stocks that trade in tandem with GameStop such as Bed Bath & Beyond, AMC Entertainment HoldingsĀ and Koss Corporation reacted positively to the news.
- Investors in the fintwit (financial twitter) community responded positively to the news as well, with some thanking GameStop chairman Ryan Cohen personally for the proposed split.
- Today's manic market swings are creating the perfect setup for Mattās next volatility trade. Get his next trade alert for free, right here.
Shares of Video game retailer GameStop Corp GME surged more than 20% in Thursdayās after-hours session amid a report that the company is planning a stock split.
GameStop will ask shareholders to vote to authorize an additional 600 million shares of its class A common stock at its upcoming shareholder meeting, which would bringĀ the number of outstanding shares from from 300 million to 1 billion.
Meme stocks that trade in tandem with GameStop such as Bed Bath & Beyond BBBY, AMC Entertainment Holdings Inc AMCĀ and Koss CorporationĀ KOSS reacted positively to the news.
Investors in the fintwit (financial twitter) community responded positively to the news as well, with some thanking GameStop chairman Ryan Cohen personally for the proposed split. Here are some of the reactions.Ā Ā
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Edge Rankings
Price Trend
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