RV_ Posted August 6, 2022 Report Share Posted August 6, 2022 Excerpt: "Shares will trade at the split-adjusted price the day after the 3-for-1 stock split. Tesla announced the date for its long-awaited stock split in an SEC filing Friday afternoon. Shareholders will receive two additional shares per each owned at market close on Aug. 24. Tesla shares will then trade at the split-adjusted price when the stock market opens on Aug. 25. Thursday evening, Tesla shareholders completed the vote to authorize the 3-for-1 stock split at the company's annual shareholders meeting in Austin, Texas. The board of directors moved quickly to confirm the poll results and announce the stock split. Those who could not attend the meeting in person were able to cast their votes by proxy -- or online -- in the weeks leading up to the event. Tesla (TSLA) closed at $864.51 on Friday. If the stock split were to occur at this price, it would result in an individual share price of $288.17, with three times as many shares in circulation. Below we'll explain what a stock split is, how it affects investors and the share price, and why companies would be interested in pursuing a stock split. What is a stock split?" That and more answered in the article here: https://www.cnet.com/personal-finance/investing/tesla-stock-split-to-occur-august-24-after-shareholders-approve-plan/ Quote RV/Derekhttp://www.rvroadie.com Email on the bottom of my website page.Retired AF 1971-1998 When you see a worthy man, endeavor to emulate him. When you see an unworthy man, look inside yourself. - Confucius “Those who can make you believe absurdities, can make you commit atrocities.” ... Voltaire Link to comment Share on other sites More sharing options...
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