(Reuters) - Nvidia has implemented a 10-for-1 stock split to attract more retail investors, leading to speculation about its potential inclusion in the prestigious Dow index.
The split was designed to reduce the per-share value, making it more accessible to employees and investors, while increasing the total number of outstanding shares without altering the stock’s overall worth.
“Nvidia’s stock split could pave the way for its entry into the Dow, possibly displacing Intel due to its lower weighting,” noted Ben Laidler, a global markets strategist at eToro.
Prior to the split, the stock had risen by nearly 27% following the announcement of the split and a positive forecast. Despite a 0.5% dip in premarket trading on Monday, Nvidia had recently achieved a market value of $3 trillion, surpassing Apple to become the world’s second most valuable company.
2024-06-10 07:01:13
Link from finance.yahoo.com