GameStop Is Surging Again on First Stock Split in 15 Years

GameStop Is Surging Again on First Stock Split in 15 Years
A GameStop store in New York, on Jan. 28, 2021. John Minchillo/AP Photo
The Associated Press
Updated:

Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years.

The Grapevine, Texas, company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in the form of a dividend. It plans to seek shareholder approval at its upcoming annual meeting.