After-Hours Alert: Why GameStop Stock Is Surging

GameStop Corp GME shares are trading higher in Wednesday's after-hours session after the company announced a stock split.

GameStop said its board approved a four-for-one stock split in the form of a stock dividend. GameStop shareholders of record at the close of business on July 18 are set to receive a dividend of three additional shares of common stock for each then-held share of common stock. The stock dividend will be distributed after the market closes on July 21.

The news shouldn't come as a complete surprise. In April, the company disclosed in an SEC filing that it planned to implement a stock split.

See Also: What Does GameStop's Share Split Mean For The Short Squeeze?

GameStop Corp is a U.S. multichannel video game, consumer electronics and services retailer. The stock is extremely popular among retail investors.

GME Price Action: GameStop has traded between $255.69 and $77.58 over a 52-week period.

The stock was up 3.82% in after hours at $121.91 at press time, according to data from Benzinga Pro.

Photo: JJBers from Flickr.

Posted In: why it's movingNewsStock SplitMoversTrading Ideas

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.