GameStop Corp. announced a four-for-one stock split in the form of a dividend, becoming one of the latest companies to do so as the practice has gained in popularity.
Share splits had almost disappeared from U.S. stock markets before Apple Inc. and Tesla Inc. revived the practice after splitting their stocks in 2020. Amazon.com Inc. followed suit earlier this year. The moves helped trigger rallies in the companies’ shares as retail investors, who tend to favor stocks with lower price tags, flocked to them.Â