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Investors and traders often celebrate when a company announces a stock split. A lower share price can bring more buyers into the fold and even enable a company to be included in certain stock indexes.
Tesla TSLA said on March 28 that it would ask shareholders to authorize more shares to prepare for a split, and the company’s stock rose 8%. Then late on March 31, GameStop GME made a similar announcement; its shares jumped 11% in early trading on April 1.
Mark…
