GME Stock Split: Does Stock Split makes GME Stock a Buy?
$GameStop(GME.US$ $AMC Entertainment(AMC.US$ In all probability, GME stock will go for a 3:1 stock split in the next 12 months. But the stock split in itself does not make a stock a buy. In the longer run, only the company’s fundamentals drive the price up or down.
Today, GameStop has dedicated followers on Reddit and other social platforms but it will turn upside down in case of bad financial performance.
A GME stock split will bring down the share price below $100 and it is bound to attract a new set of investors but global sentiments and financial performance need to be on the same page for the share price to go up beyond the stock split.
GameStop has the potential to go up or down by more than 20% in a single day and risky investors may opt to add it just after the announcement of the stock split to earn some quick bucks.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Patek1975 : To the moon