Now, it’s important to note that both AAPL and TSLA eventually found their footing. But in the weeks following, it crashed 34%. The stock went up a whopping 81% between the split’s announcement and the split itself. But in the month after, it dropped almost 20%. In the month before the split, AAPL rose 40%. (Nasdaq:AAPL) underwent its own four-for-one stock split, taking it from $500 per share to about $125. At the end of August last year, Apple Inc. When stocks blow higher into a split, like NVDA has, a lot of that money tends to leave the stock post-split and move itself somewhere else. Splits like this tend to indicate a top in a stock’s price. Here’s where NVDA’s headed post-split – and how you can play it… Now, what was a $750 stock on Monday has a price tag of just $185 per share.īut it’s about to get even cheaper than that. A single share for $800-plus? Not many individual traders want to fork over that much cash. The main reason behind the split is to make the stock more accessible to average traders. Last quarter, impressive earnings boasting over 88% year-over-year revenue growth sent shares all the way to $835. I mean, it’s had an incredible run over the past six months. Investors liked NVDA heading into the split. That means that what was one share of NVDA on Monday is now equal to four shares – giving investors three extra pieces of the pie. (Nasdaq:NVDA) underwent a four-for-one stock split. The announced split will require stockholder approval at the company's annual meeting in June.Yesterday morning, NVIDIA Corp. Santa Clara, California-based Nvidia said stock holders of record on July 21 would receive dividend of three additional shares after the close of trading on July 19, with the stock trading on a split-adjusted basis beginning July 20.
However, as brokerages increasingly allow customers to buy parts of shares, the benefit of share splits appears to have diluted over time.Īpple (AAPL.O) split its stock 4-for-1, while electric carmaker Tesla (TSLA.O) split its stock 5-for-1 last year, with both companies saying they aimed to make their shares more affordable to individual investors. Stock splits can potentially attract retail investors who make small trades. The company's stock, which was last up at over $600 in premarket trading, has gained nearly 12% this year after its value more than doubled in 2020. May 21 (Reuters) - Nvidia Corp (NVDA.O) on Friday announced a four-for-one stock split as it looks to make its stock less expensive for investors, sending the chipmaker's shares up 3%.
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