Walmart announces 3-for-1 stock split as shares hover below all-time high
Publishing timestamp: 2024-01-30 17:56:13
Summary
Walmart announced a three-for-one stock split, with additional shares payable to shareholders after market close on February 23. The stock will start trading on a post-split basis on February 26. The stock split is aimed at allowing more employees to buy into Walmart's stock purchase plan. Walmart's shares have been performing well, and the company has seen increased sales. The stock split comes as Walmart tries to boost employee benefits and loyalty.
Sentiment: NEUTRAL
Tickers: WMT,
Keywords: business, walmart inc, business news, breaking news: business, breaking news: investing, investment strategy,