Consumer
Walmart Sets 3-for-1 Stock Split; Shares Rise
This article is for subscribers only.
Walmart Inc. announced a 3-for-1 stock split, saying a lower price will help more of its employees buy shares.
“Sam Walton believed it was important to keep our share price in a range where purchasing whole shares, rather than fractions, was accessible to all of our associates,” Walmart Chief Executive Officer Doug McMillon said in a statement Tuesday.