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By Yasin Ebrahim

Gamestop jumped in afterhours trading Wednesday after the video game backed a 4-for-1 stock split.

 
GameStop (NYSE:GME) was up more than 7% in aftermarket hours.
 
The stock split of the company’s shares will be in the form of a stock dividend, with shareholders — of record on July 18 — set to receive a dividend of three additional shares for each share held. The stock dividend will be distributed after the close of trading on July 21, 2022, the company said. 
 
Gamestop is down about 23% year to date as meme-stock frenzy that saw its share price surge to $325 about 18 months ago has faded.
 
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