• Thu. Aug 18th, 2022


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GameStop Shares Rise 17% As Company Seeks Hldr Approval for Stock Split – MarketWatch

By Stephen Nakrosis

Shares of GameStop Corp. were trading 17% higher in Thursday’s after-hours market, following the retailer’s announcement it intends to seek shareholder approval to split its Class A common stock.

At 4:42 p.m. ET, the company’s shares were trading 17% higher at $194.75 each. The stock finished the day’s regular-trading session with a 0.2% loss, closing at $166.58.

The company said it intends to seek approval to increase the number of authorized shares of Class A common stock from 300 million to one billion in order to implement a stock split.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com