GameStop's split-fueled 15% premarket surge lifts AMC, Hycroft Mining
Shares of videogame retailer GameStop Corp. GME, -0.16% jumped 15% premarket Friday and pulled other meme stocks higher with them, after the company announced that executives are looking to conduct a stock split for the first time in 15 years. The videogame retailer announced that it planned to ask shareholders for authorization to increase its share count to 1 billion from 300 million so that it can carry out a stock split in the form of a dividend.
was up 2.5%. Hycroft Mining Holding Corp. which has joined the meme stock craze since AMC took a stake in it, was up 3.9%.
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