GameStop split brings meme mania to trading


FILE PHOTO: GameStop logo is seen in this illustration taken February 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON: A proposed stock split by GameStop Corp has brought back echoes of peak-meme mania days to trading forums, with investors snatching up shares in the company and other retail favoured-names.

The video-game retailer jumped as much as 14% in New York before erasing gains to trade close lower Friday after it said it will ask shareholders to approve a plan to increase the number of Class A shares to one billion from 300 million.

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GameStop , share split , NYSE

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