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Broadcom To Carry Out 10-for-1 Stock Split On July 15th, 2024

Moomoo News ·  21:00

July 11th (Eastern Time) - $Broadcom (AVGO.US)$ is about to implement a 10-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from July 15th, 2024.

$Broadcom (AVGO.US)$ rose 0.66% and closed at $1744.69 on July 10th with a turnover of $7.17 billion. $Broadcom (AVGO.US)$ now has a total market capitalization of $812.13 billion.


What Is a Stock Split?

A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.

Note:

The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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