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The company just completed a 10-for-1 stock split, and that's why as of the opening of today's trading session, you can get in on Nvidia stock with a little more than $100 instead of more than $1,000.
Image source: Getty Images. Nvidia's 10-for-1 stock split. First, here's a quick summary of the Nvidia stock split.The company launched a 10-for-1 split on June 7, so if you owned one share at ...
History might not be the best guide in predicting how Nvidia stock will perform after its 10-for-1 stock split.
Nvidia stock 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.
Nvidia's stock split The company announced the plan to split its stock back in May, when shares were trading for more than $900. After the announcement, they quickly climbed past $1,000.
In the case of Nvidia's 10-for-1 split, investors will own 10 times the number of shares they did previously, but each of those shares will be worth 10% of what they were before the split.
Nvidia’s stock closed Wednesday at $1,224.40 and it's just one of 11 companies in the S&P 500 with a share price over $1,000. Post stock split, Nvidia will open at $120.89 on Monday. $26 billion
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