Should You Buy Walmart Stock Ahead of Its 3-for-1 Stock Split?
(NYSE: WMT) is known for its "every day low prices" strategy. It's about to take a similar approach with its shares.
The giant retailer plans to conduct a 3-for-1 stock split on Feb. 26. Walmart CEO Doug McMillon said in a press release that the company is taking this action to make its shares more affordable to its associates. Of course, shares will also be more affordable to investors who don't work for the company. Should you buy Walmart stock ahead of its stock split?
Let me say right off the bat that it's probably not a great idea to buy Walmart shares just because of the upcoming stock split. Nothing will change about the company's underlying prospects when it increases the number of outstanding shares.
Source Fool.com
Walmart Inc. Aktie
69,69 €
-0,13 %
Die Walmart Inc. Aktie in der Gunst der Community: Nur Buy-Einschätzungen, keine Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Walmart Inc. mit einem Kursziel von 73 € im Vergleich zu 69.69 € gesehen.
