Dear Valued Client,
Please be advised of the upcoming Walmart Inc. (WMT) stock split that is going to take place as per the following schedule:
- Ex-Date: February 23rd, 2024 (GMT+2, MT4/MT5 server time). Common shares will trade at the new split-adjusted price.
The primary motive is to make the shares more affordable to small investors even though the underlying value of the company has not changed. WMT would like its stock to be more accessible to a broader base of investors.
Important notes of the WMT Stock Split
- The number of shares in each client’s position will multiply by 3.
- Post-split, the open price of each position will be adjusted, which will be the original price divided by 3.
- All pending orders at the time of the split (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit) will be deleted. Stop Limit) will be deleted.
Please note that:
- The following orders for WMT shares will be deleted due to the stock split:
Live Account: Pending orders (At time of stock split)
Demo Account: All open and pending orders - All settings of Stop Loss and Take Profit on Live account WMT open position
will be ADJUSTED to the original setting price divided by 3.
Example:
After the Stock split of 3 for 1: (Adjustment done would be as follows)
Position Price: USD 333.33 (USD 1,000/3)
Take Profit (TP): USD 500 (USD 1,500/3)
If you have any questions or require any assistance, please contact our support team via Live Chat, email: [email protected] or phone +248 437 3105.
