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GameStop Soars on Plans to Extend Rebound With Stock Split

  • Video-game retailer jumps as much as 22% in late trading
  • Move mirrors those laid out by Alphabet, Amazon, and Tesla
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Why GameStop Wants In On The Stock Split Craze
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GameStop Corp. shares surged as much as 22% in extended trading after the company said it plans to ask shareholders for approval of a stock split in the form of a dividend. 

The gaming retailer will request at its upcoming annual meeting that shareholders approve a proposal to increase the number of Class A shares to 1 billion from 300 million, according to a filing Thursday with the U.S. Securities and Exchange Commission. The stock jumped to a high of $203.98 after closing at $166.58 in New York.