NVIDIA Announces 10-for-1 Stock Split
Stock Price to Drop Significantly
Split to Increase Accessibility for Employees and Investors
Nvidia Corporation (NASDAQ: NVDA) announced a 10-for-1 stock split, effective after market close on Thursday, June 6th. The split will reduce the share price from around $1,200 to approximately $120, making the stock more accessible to a broader range of investors.
The distribution of new shares will occur at the end of the trading day on Friday, June 7th, and trading will begin at the split-adjusted price on Monday, June 10th.
Nvidia cited the need to increase stock ownership accessibility for employees and investors as the reason for the split. The company's stock has experienced significant price growth in recent years, making it less affordable for smaller investors.
The split is expected to have a neutral impact on the company's overall value, as the number of outstanding shares will increase while the share price decreases. However, it may increase liquidity and attract new investors to the stock, potentially boosting its long-term growth.
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