Several companies have announced or are projected to undergo stock splits in 2024. These corporate actions are typically undertaken to make shares more accessible to a broader range of investors by lowering the price per share.
A stock split involves a company increasing the number of its outstanding shares by dividing existing shares into multiple new shares. For example, in a 2-for-1 split, each shareholder receives two shares for every one they previously held, and the price per share is proportionally halved. This action does not change the total market value of the company or the total value of an investor's holding. Companies often choose to split their stock when the share price becomes very high, aiming to improve liquidity and attract more retail investors.
Conversely, a reverse stock split (or share consolidation) reduces the number of outstanding shares, increasing the price per share. This is often done to increase the stock price to meet listing requirements or to make the stock more attractive to institutional investors.
Companies Splitting Stock in 2024
Based on available information for 2024, the following companies are scheduled for stock splits:
| Date | Symbol | Company Name |
|---|---|---|
| Dec 16, 2024 | PANW | Palo Alto Networks Inc |
| Dec 13, 2024 | MNTS | Momentus Inc |
| Dec 13, 2024 | MLGO | Microalgo Inc |
| Dec 13, 2024 | ETR | Entergy Corp |
Investors interested in tracking stock splits should monitor company investor relations pages and financial news outlets for the most up-to-date announcements and details regarding the split ratios and ex-dates.
