Gamestop Stock Split Might Lead To Short Seller Capitulation If The Stock Replicates Tesla S Post Split 1 500 Percent Plus Gains
GameStop (NYSE:GME), a retailer of video games, consumer electronics, and gaming merchandise, has now managed to turn green for the year after the stock experienced severe turbulence in the recent past. In today’s volatility-rich environment, GameStop’s announcement to seek shareholder approval for a stock split plan has supercharged the bulls. To wit, GameStop revealed via a filing with the SEC last week that it was contemplating a stock split which, in turn, requires shareholder approval for an increase in the company’s “number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation”....