The announced split will require stockholder approval at the company's annual meeting in June. Nvidia Stock Technical Analysis Shares of Nvidia rallied 5.5 to 169.90 July 19, closing above the 50-day moving average for the first time since early April. Santa Clara, California-based Nvidia said stock holders of record on July 21 would receive dividend of three additional shares after the close of trading on July 19, with the stock trading on a split-adjusted basis beginning July 20. However, as brokerages increasingly allow customers to buy parts of shares, the benefit of share splits appears to have diluted over time.Īpple (AAPL.O) split its stock 4-for-1, while electric carmaker Tesla (TSLA.O) split its stock 5-for-1 last year, with both companies saying they aimed to make their shares more affordable to individual investors. engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. Stock splits can potentially attract retail investors who make small trades. The company's stock, which was last up at over $600 in premarket trading, has gained nearly 12% this year after its value more than doubled in 2020. Since Apple stock currently trades above 380, it means. May 21 (Reuters) - Nvidia Corp (NVDA.O) on Friday announced a four-for-one stock split as it looks to make its stock less expensive for investors, sending the chipmaker's shares up 3%. Apple on Thursday announced in its fiscal third-quarter earnings that the Board of Directors has approved a four-for-one stock split.
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