GameStop issued a filing today in after hours that essentially announced plans for a stock split and to raise the total amount of outstanding shares to 1 billion.
Currently they have 76 million total shares. They had prior approval to go up to 300 million shares. In the filing GameStop seeks shareholder approval to go all the way up to 1 billion.
They also specifically mentioned a stock dividend.
GameStop is also in a crime basket along with AMC, Koss, and BBBY. Whenever one goes up sharply…others go up.