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Wall Street cheers as GameStop announces stock-split plan

Wall Street cheers as GameStop announces stock-split plan

Shares of GameStop surged Friday after the video game retailer announced that it would attempt its first stock split in 15 years. The company said in a regulatory filing late Thursday that it wants to increase its share count to 1 billion, from 300 million, so it can implement a stock split in the form of a dividend. It plans to seek shareholder approval at its upcoming annual meeting.

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