HomeTechElectronicsGameStop (GME) Stock Split, NIO & LI Rise After New Delivery Totals, BB Earnings
GameStop (GME) Stock Split, NIO & LI Rise After New Delivery Totals, BB Earnings

The GameStop (GME) stock price is trading higher today following the news that the company will seek shareholder approval for a stock split. This will be the first time in 15 years. GameStop (GME) plans to split the stock in the form of a dividend. The company said the authorization would be used to provide flexibility for future corporate needs. Next, Jeff Pierce weighs in on Nio Inc. (NIO) shares rising after reporting the latest delivery totals. March 2022 deliveries equaled 9,985 and increased 37.6% year-over-year. Also, Li Auto (LI) stock price jumps on the latest delivery total. First quarter in 2022 deliveries equaled 31,716. In terms of earnings, BlackBerry (BB) announced $0.01 in EPS and $185M in revenue, beating the estimates. Finally, Pierce discusses JPMorgan removing Apple (AAPL) from their analyst focus list. The analyst stated that moderation in consumer spending could temperate expectations for a movement to the upside from the iPhone SE launch.

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