Nvidia stock (NVDA) began trading Monday on a new 10-for-1 split basis, revising the shares’ Friday closing price of $1,208.88 to $120.88. The stock closed up nearly 1% in its first day following the split.
The split means that owners of Nvidia common stock held as of the close of market on Thursday received 10 shares for each one share they held. For example, if a shareholder owned four shares of Nvidia as of Thursday, they now own 40 shares post-split.
Stock splits make owning shares of a stock more affordable by lowering the price of individual shares without diluting the value of existing shareholders’ total holdings.
“The stock split is going to make Nvidia a lot more reachable for a lot of these retail traders,” Option…
