GameStop shares are about to get much cheaper
CNN
GameStop shares will soon lose three quarters of their value. But don't worry: It's good news for stockholders.
The company announced Wednesday that its board approved a 4-for-1 stock split, effective July 22. Shares of the meme stock darling soared more than 8% in early trading following the news.
GameStop shares have fallen back to Earth following a Reddit-fueled spike last year. The stock is down about 16% this year, mirroring the broader market sell off.
President Joe Biden has given permission to Ukraine to strike inside Russian territory with American munitions, though he has restricted their use so Kyiv can only hit targets over the border close to Kharkiv after Russia made significant advances around the city in the northeastern part of the country close to the Russian border, two US officials told CNN.
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