When was the NVIDIA stock split date in 2024?
NVIDIA’s latest stock split occurred on June 7, 2024. The company executed a 10-for-1 stock split, meaning that for every share held, investors received ten new shares, each priced at one-tenth of the original price. The adjusted shares began trading at this new price on June 10, 2024. This was NVIDIA’s sixth stock split, following previous ones in July 2021, September 2007, and April 2006. Stock splits like this are often used to make shares more affordable and attractive to a broader range of investors.
What does Nvidia’s stock split mean for investors and traders?
NVIDIA’s stock split means that each existing share is divided into ten new shares. Here’s what it means for investors and traders:
- Share quantity and price: If you owned 1 share of NVIDIA worth $500 before the split, after the 10-for-1 split, you’ll own 10 shares, each worth $50. The total value of your investment stays the same, but you have more shares at a lower price each.
- Accessibility: With a lower share price, NVIDIA’s stock becomes more affordable for more people. This can attract new investors who might have found the higher price too expensive.
- Liquidity: More shares in circulation can improve the liquidity of the stock, making it easier to buy and sell shares without affecting the price too much.
- Perception: Stock splits can make a company’s shares look more attractive, even though the split doesn’t change the company's overall value. This can sometimes boost market interest.
What does a 10-for-1 stock split mean?
A 10-for-1 stock split means that each share of a company's stock is divided into ten new shares. Here’s what happens:
- Increased number of shares: If you had 1 share before the split, you’ll now have 10 shares after the split.
- Reduced price per share: The price of each new share is reduced to one-tenth of the original price. For example, if a share was $100 before the split, it would be $10 after the split.
- Same total value: The total value of your investment remains the same. If you had 1 share worth $100, after the split, you’ll have 10 shares worth $10 each, totaling $100.
- Purpose: Companies often do stock splits to make their shares more affordable and attract more investors.
In short, a 10-for-1 split increases the number of shares you own while reducing the price per share, but your total investment value stays unchanged.
Source: Yahoo Finance
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