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Nidec (ADR) To Carry Out 2-for-1 Stock Split On October 9th, 2024

Moomoo News ·  Oct 7 21:00

October 7th (Eastern Time) - $Nidec (ADR) (NJDCY.US)$ is about to implement a 2-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from October 9th, 2024.

$Nidec (ADR) (NJDCY.US)$ rose 4.66% and closed at $10.55 on October 4th with a turnover of $260.41K. $Nidec (ADR) (NJDCY.US)$ now has a total market capitalization of $48.56 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.

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