Should You Buy Walmart Stock Ahead of Its 3-for-1 Stock Split?
(NYSE: WMT) is known for its "every day low prices" strategy. It's about to take a similar approach with its shares.
The giant retailer plans to conduct a 3-for-1 stock split on Feb. 26. Walmart CEO Doug McMillon said in a press release that the company is taking this action to make its shares more affordable to its associates. Of course, shares will also be more affordable to investors who don't work for the company. Should you buy Walmart stock ahead of its stock split?
Let me say right off the bat that it's probably not a great idea to buy Walmart shares just because of the upcoming stock split. Nothing will change about the company's underlying prospects when it increases the number of outstanding shares.
Source Fool.com
Walmart Inc. Stock
€55.47
0.870%
With 52 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
Based on the current price of 55.47 € the target price of 164 € shows a potential of 195.66% for Walmart Inc. which would more than double the current price.
