Monday, 10 June 2024

NVDA’s 10-for-1 Stock Split (my take)

the stock price barely matters — it’s about options
 
   
     
   
 
JUNE 10, 2024
   
TUCCI’S TWO CENTS
NVDA’s 10-for-1 Stock Split (my take)
 

Today is officially Nvidia’s first day trading after its 10-for-1 stock split.

That means the price of Friday’s close has now been revised from $1,208.88 to $120.88.

Now keep in mind that a stock split doesn’t change the underlying value of the stock.

The market cap stays the same, there are just a lot more shares out there. If you owned a single share of Nvidia for ~$1,200 last week, you would own 10 shares this week each worth ~$120.

It doesn’t change the underlying market cap or value of the company in total.

What it does do; however, is lower the barrier to entry for potential investors.

— The Prosperity Pub Team

 
 
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This exclusive report is your key to unlocking strategies that could define your trading success this year. But, it's only available for a limited time to our subscribers. 

Don't miss out on the chance to position yourself strategically in the market with our #1 Buy & Hold Stock of 2024. 

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