Nvidia Filed Amendment To Effect Stock Split And Proportionately Increase Number Of Shares Of Company's Authorized Common Stock To 80B; Trading Is Expected To Commence On A Split-Adjusted Basis At Market Open On June 10, 2024
Portfolio Pulse from Benzinga Newsdesk
Nvidia has filed an amendment to effect a stock split and proportionately increase the number of shares of the company's authorized common stock to 80 billion. Trading on a split-adjusted basis is expected to commence on June 10, 2024.
June 07, 2024 | 8:21 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nvidia has filed an amendment for a stock split, increasing its authorized common stock to 80 billion shares. Trading on a split-adjusted basis will begin on June 10, 2024.
Stock splits are generally perceived positively by the market as they make shares more affordable to a broader range of investors, potentially increasing demand and liquidity. The announcement of the stock split and the significant increase in authorized shares is likely to boost investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100