Why Is Everyone Talking About GameStop?

GameStop's (NYSE: GME) stock surged 15% on July 7 after its board of directors approved a 4-for-1 stock split. The split will occur after the market closes on July 21, and shares will start trading on a split-adjusted basis on July 22.

The stock split won't change GameStop's market value or its valuation, but the decision still turned it into one of the hottest topics on Reddit's WallStreetBets subreddit again. But will that short-term buzz set a floor under its stock, which is still trading about 60% below its all-time high set in January 2021?

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Source Fool.com