The company announced Wednesday that its board approved a 4-for-1 stock split
effective July 22. Shares of the meme stock darling soared
more than 8% in early trading following the news.
GameStop shares have fallen back to Earth following
a Reddit-fueled spike last year
The stock is down about 16% this year
mirroring the broader market sell off.
For current GameStop (GME) shareholders, the overall value of their investment will stay the same,