Nvidia first revealed its intentions for a four-for-one stock split in its first-quarter 2021 earnings release. Shareholders will then hold four shares worth US$175 each, versus holding one worth US$700.Įxisting shareholders will have the additional shares deposited into their brokerage accounts once the stock split is official, although this process might take up to a few days for different brokerage firms. Nvidia will then begin trading on a stock-split basis from 20 July 2021.įollowing the split, the price of each share is expected to drop to roughly US$175 from the recently traded price of US$700. This process will take place after the market closes on 19 July 2021. What this now means is that each shareholder on record as of 21 June 2021 will receive three additional shares for every common stock they hold.
to increase the number of authorized shares of common stock’ from two billion to four billion. The US’ largest chipmaker said in a regulatory filing submitted on 07 June 2021 that ‘stockholders approved an amendment. Nvidia shares have rallied as much as 4% since announcing that it has gotten the approval for a previously proposed stock split. Ready to trade Nvidia shares? Open an account today.One market watcher says the current rally is proof that ‘there’s just too many individual investors involved’.Nvidia will begin trading on a stock-split basis from 20 July 2021.The largest chipmaker in the US by market cap said last week shareholders have approved plans to double the number of common stock.Nvidia Corp (NASDAQ: NVDA) share price rallies to a new high of US$720 this week.
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