GameStop soars 9% after announcing 4-for-1 stock split

*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