GameStop soars 9% after announcing 4-for-1 stock split
Author: Nancy Smith
Contact:
5337 Mesmer Ave.
Los Angeles, CA 90230
(310) 381-2245
info@fintwit.news
Nancy@fintwit.news
+212 342 56 88
Reddit and other major platforms are plastered with GME Stock Dividend Split. Most people including brokers just think "Yeah, for every 1 GME share, you will get 4 shares. No big deal." and the short sellers would pay some money to fulfill their obligations like any stock split.
This is GME Dividend. Instead of giving you money for every GME share that you own like an other dividend, it is giving you GME shares. The short sellers would have to deliver $GME shares in order to fulfill their obligations. With everyone buying GME shares, the share price will rise.
Photo: Twitter
*GAMESTOP ANNOUNCES FOUR-FOR-ONE STOCK SPLIT$GME pic.twitter.com/pFvOu2wiDH
— Investing.com (@Investingcom) July 7, 2022
The so-called meme stock has recorded volatile one-day moves since gaining attention last year as a group of Wallstreetbets investors coordinated a short squeeze on the stock, spurring its price higher. The stock has since retreated from its highs, down more than 20% year to date.
I’m gonna get a video out tonight on $GME split and what it could do for other meme stocks and $AMC
— Colin (@colin_gladman) July 7, 2022
“A rising tide lifts all boats”
1 piece of advice… please be cautious about full porting calls/shares tomorrow. FOMO is a hell of a drug.Trade with your brain not emotions.
Is Wallstreetbets movement back in the game?🚀🌝
Its not a regular stock split. Its a split in the form of a dividend. Short sellers must buy shares in other to satisfy the corporate action taken by #GME. Stay frosty ☃️ folks!
— Kofi (@financialape) July 7, 2022