Nvidia Announces Stock Split
Company Making Shares More Accessible to Investors
Split to Take Effect After Trading Day Thursday
Nvidia announced a 10-for-1 forward stock split on Wednesday, with the aim of making its shares more accessible to employees and investors. The split will take effect after the end of trading on Thursday.
Under the terms of the split, each Nvidia shareholder will receive 10 new shares of the company's common stock for every share they own. The split is expected to be completed on June 21.
Nvidia's stock has been on a tear in recent years, and the split is likely to further boost its popularity with investors. The company's shares closed at $328.40 on Tuesday, up from just $98.56 at the beginning of the year.
The stock split is the latest in a series of moves by Nvidia to make its shares more accessible to investors. In 2016, the company announced a 2-for-1 stock split, and in 2018, it announced a 5-for-1 stock split.
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