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

Author: Nancy Smith Contact: 5337 Mesmer Ave. Los Angeles, CA 90230 (310) 381-2245 +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.

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.

Is Wallstreetbets movement back in the game?🚀🌝

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