How the share split works?
$Walmart(WMT.US$ The shares to be issued in the stock split will be payable after market close on Friday, Feb. 23, 2024, for shareholders of record at the close of business on Thursday, Feb. 22, 2024.
Given the above information, I’m wondering what will happen to people buying today? Will they get 3 times of shares at settlement?
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Moomoo Lily : @Moomoo Buddy Please help assist it.
Eddiefoo : The meaning of splitting shares is the same
If 1 share is 500 divided into 5 shares
It's equal to 100 shares, and it's no different
It's just lowering the stock market and getting more people to buy
AGeezy : what if I buy shares today?
Moomoo Buddy : Dear Client, Based on the example you provided above, a client who purchased shares today would need to perform according to the company's announcement, and could potentially have their purchased shares returned via cash or the same stock split operation performed. However, everything is still subject to the announcement of the listed company. Basically getting 3x shares won't happen. If you have any questions, please feel free to contact us via MooMoo-Me-Customer Service-Online Inquiry Thank you for your support! Have a nice day！
SuperWonderTraderOP : Total shares traded was worth $4.3B today, so I don’t think all such will be returned in cash as per your reply. Most likely and definitely, they all will get 3 shares for each purchased share at settlement.