Walmart Announces 3-for-1 Stock Split

Move Aimed at Making Shares More Affordable for Employees

Walmart has announced a 3-for-1 stock split, which will triple the number of shares in existence while reducing the price of each share to a third of its current value.
The split will take effect after markets close on February 23, 2024, with the new shares being issued to shareholders of record as of February 22, 2024.
The company's decision to split the stock is aimed at making shares more affordable for its employees, with about 400,000 participating in a stock purchase program.
Despite the increase in the number of shares, the total value of an investor's shares and Walmart's market cap will remain the same pre- and post-split.
Walmart's shares are currently trading near an all-time high, with the stock closing at $165.59 on January 30, 2024.