Retail Forex and CFD broker FxPro warns there is an upcoming GameStop stock split which will affect open positions.

A 4-for-1 stock split will take effect on Thursday 21st of July, after the market close.

If you have open positions, please be aware of the following:

• Any Stop Loss / Take Profit on already open trades will be removed.
• All pending orders at the time of the split (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit) will be deleted.
• The Stock will be available on a stock-split adjusted basis from Friday 22nd of July.

GameStop Corp (GME) was the first meme stock. A meme stock is a share of a company that quickly jumps in price due to the attention of a dedicated online following. Meme stocks usually gain popularity through discussion threads on forums such as Reddit and social media.