/biz/ - Business & Finance

Hepcats...

Looking pretty grim here don't you think? The Motley Fool got jokes on your Fucking stock! Did you read their latest article?

https://www.fool.com/investing/2022/07/21/why-gamestop-is-falling-on-the-day-it-splits-its-s/

>What happened
>After a long stretch of seeing its stock rise and often beat the market, shares of GameStop (GME -3.33%) are heading lower this morning, down 3.9% as of 10:42 a.m. ET. Today, however, the video game retailer's performance is worse than the market as a whole, with the Dow Jones Industrial Average and S&P 500 both falling less than 1% so far. It's a notable decline for GameStop if only because its shares will split today after the market closes. They will start trading tomorrow at a new, lower price to reflect the 4-for-1 stock split that will occur.

>Some traders are still clinging to the hope the stock split will trigger the "mother of all short squeezes." GameStop's stock remains heavily shorted, with 21% of its shares sold short, but just like those who are long, short-sellers will see the price of their shares reduced by 75%. It also won't place any additional financial burden on the shorts simply because the split has been described as a "dividend."