What To Expect Before The Nvidia 10–1 Stock Split: Market Insights
As of the close on June 4, 2024, the price of NVIDIA (NVDA) stock was 1,164.37 USD. After hours, the stock price is at 1,165.43 USD.
The tech world is buzzing as Nvidia, the AI chip leader, prepares for its 10-for-1 stock split, set to occur after the stock market’s close on June 7, 2024. This move aims to make the stock more accessible to a broader range of investors.
This means that for every one share of NVIDIA stock a shareholder owns as June 7, 2024, they will receive nine additional shares after the market close on June 10. The total number of shares a shareholder will have after the split will be 10 times the number of shares they owned before the split. However, the price per share will be adjusted accordingly, dividing the pre-split price by the split ratio (10 in this case).
For example, if a shareholder owns 10 shares of NVIDIA stock at a pre-split price of $1,165.43 per share, they will have 100 shares after the split, with each share priced at approximately $116.54 (rounded to two decimal places). The total value of their holdings will remain the same, as the split does not change the overall value of the company.
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