DollarCashFlow
By: Ravi G.
Image Source: Canva/Unsplash
Nvidia revealed a 4-for-1 stock split in May 2021, when its stock was worth about $700. The company hoped to get approval at its June annual meeting.
This could happen one more time this spring. In the past year, Nvidia shares have gone up more than 240%, which has raised the market value of the company to $2.2 trillion.
They are now trading at a record high of more than $900 each.
As Nvidia gets ready for its next meeting of shareholders. If we look at dates from past years, that's most likely to happen in June.
The last time Nvidia split its stock, the prices of all of its shares were about the same.
So, the company has been known to announce such an operation after big gains and as the stock price got close to $1,000.
By splitting its stock, the company may attract a wider group of investors.