Introduction: The world of stock trading has seen a lot of excitement lately, with one of the most talked-about stocks being GME (GameStop). Since early 2021, GME has been in the news due to the extraordinary rise in its stock price, which has taken Wall Street by storm. With this in mind, this article aims to provide readers with everything they need to know about GME stock, including who owns the most shares and the reasons behind the discussions of a potential GME stock split.
Who Owns the Most GME Stock? The ownership of GME stock is spread across a wide range of investors, including retail investors and institutional investors. As of March 2021, the largest shareholder of GME stock is Ryan Cohen, the co-founder and former CEO of Chewy, an online pet retailer. He has a 13% stake in GameStop, making him the single largest shareholder of GME stock. Other major shareholders include BlackRock, Vanguard, and Fidelity, which collectively own around 22% of the company’s shares.
Why a GME Stock Split May Be on the Horizon? There has been talk of a potential GME stock split in recent months, which would involve the company dividing its existing shares into multiple shares. The primary reason behind a stock split is to make shares more accessible to smaller investors, as it lowers the price per share. By doing this, GME would be able to make its stock more appealing to retail investors who want to invest in the company but may not be able to afford to purchase its shares at their current price.
Conclusion: Overall, GME stock has become one of the most talked-about stocks in recent years due to its massive price fluctuations and volatility. With Ryan Cohen being the largest shareholder and discussions of a potential GME stock split on the horizon, it’s clear that the future of GME remains uncertain. However, it’s important to do your research and stay informed if you’re considering investing in the company. By keeping up with the latest news and trends, you can make more informed investment decisions that align with your financial goals.