Nvidia Announces 10-for-1 Stock Split
Stock to Split on June 7th
Shares to Trade at $122.44 after Split
Nvidia's stock closed trading at $1,224.40 per share on Wednesday, May 31st, 2024. The company announced a 10-for-1 forward stock split in its fiscal first-quarter earnings report on Wednesday, June 1st, 2024. The shares will begin trading on a split-adjusted basis on Monday, June 10th, 2024.
This is Nvidia's sixth stock split. The company's previous stock split was a 2-for-1 split in 2019. After the split, there will be 10 times as many shares of Nvidia common stock, lowering the per-share price to $122.44.
Nvidia's stock split is a positive sign for investors. It shows that the company is confident in its future growth prospects. Stock splits can also make a stock more affordable for individual investors.
Comments