Galaxy Watch 5 Galaxy Buds 2 Pro Android 13 Best Wireless Earbuds QLED vs. OLED TVs Air Conditioners Fitness Supplements Shower Filters
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

GameStop Plans 4-for-1 Stock Split

That's like four trips to the moon.

a hand holding a phone showing buttons to buy and sell gamestop stock and a stock chart
GameStop stockholders will see their holdings quadruple.
Getting Images

GameStop said Wednesday it has approved a 4-for-1 stock split that will take place later in July. The company first announced plans for the split in March. 

A stock split doesn't directly impact the value of a company but divides existing shares into smaller pieces. At the close of business on July 18, stockholders will receive three additional shares for every one share they have via a stock dividend. Trading will begin on a stock split-adjusted basis on July 22, GameStop said.

GameStop's stock price jumped in after-market trading to $125.65 after its announcement Wednesday.  

The video game retailer rocked the stock market for one week in early 2021 when its share prices went through the roof, fueled by online day traders buying shares of the company in droves. The drama that followed led to investment app Robinhood being targeted by government regulators, hedge funds going under and documentaries being made to explain what happened. 

Several tech giants have unveiled stock splits in recent years. Last month, Amazon split its shares 20-for-1, and Tesla plans a shareholder vote on a 3-for-1 split at its annual meeting in August. 

Correction, July 13: Tesla plans a shareholder vote on a 3-for-1 split at its annual meeting in August.