gamestop, stock, chart-6286876.jpg

Today in the Market (3/31/2022)

Good Evening. Stocks dipped on Thursday, ending a tumultuous quarter in the negative, as investors assessed President Joe Biden’s decision to release the largest amount of oil ever from the country’s strategic petroleum reserve in a bid to cool rising energy costs.

The S&P 500 index closed 1.57% lower, while the Dow Jones fell by 1.56%. The Nasdaq also went down by 1.54%.


gamestop, stock, chart-6286876.jpg

GameStop (GME) shares are surging in after-hours following an announcement seeking a stock split. The shares of the video game store increased by as much as 20%, exceeding the $200 mark. 

In an 8-K SEC filing, the business stated that it intends to seek stockholder approval at its upcoming annual shareholder meeting to increase the number of authorized Class A shares from 300 million to 1 billion in order to implement the split via a dividend.

“GameStop also intends to request stockholder approval at the Annual Meeting for a new incentive plan (the “2022 Equity Plan”) to support future compensatory equity issuances,” said the filing.

Retail investors who are positive about the flagship meme stock have voiced their delight.


Occidental Petroleum Corp. (OXY) saw a gain of more than 100% in the first quarter of 2022, making it the top performer in the S&P 500.

The triumph comes after Berkshire Hathaway Inc., led by Warren Buffett, purchased 18.1 million additional shares of Occidental, bringing the company’s overall investment in the oil behemoth to about 15%.

The company has been struggling for years, and the positive quarter represents a turning point. Over the last three months, stock prices have risen by 101 percent as oil prices have surpassed $100 per barrel. Occidental has had its best quarter ever. As of closing, OXY was down 1.29% to $56.74 per share.

Scroll to Top

Contact Us

Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?