Why Wal-Mart Could Soon Split Its Stock Again
Wal-Mart (NYSE: WMT) is suddenly a market darling. Shares of the retail giant have surged more than 31% this year, and have been flying higher since October when the company said it would return to profit growth next year and announced plans for a $20 billion share buyback program.
That recent performance may have some investors thinking about a stock split from the venerable retailer. In fact, Wal-Mart has never let its stock get into the triple digits, splitting it every time before it reaches that threshold. With the share price now above $90, there's a good chance the stock could split if management is confident that shares will keep going up.
Image source: Wal-Mart.
Source: Fool.com
Walmart Inc. Stock
€56.21
0.120%
The stock is an absolute favorite of our community with 49 Buy predictions and no Sell predictions.
With a target price of 165 € there is potential for a 193.54% increase which would mean more than doubling the current price of 56.21 € for Walmart Inc..
