Retail FX and CFD broker RoboMarkets has informed its clients about the Walmart stock split.
On February 26, 2024, Walmart stock will go through a split. A stock split is a corporate action, as a result of which the company increases the number of issued shares by a certain multiplier and reduces the value of each share by the same multiplier.
Walmart will conduct a 3-for-1 stock split (1 share will be split into 3).
If you have open positions in Walmart shares or plan to open such positions, please pay attention to the following changes, which will be effective from February 26, 2024:
- MetaTrader 4 / MetaTrader 5 accounts
The unbundling process will take place on February 26 and will be completed before the start of the US equity session at 16:30 hours (server time).
All pending orders (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit, Stop Loss and Take Profit) on WMT will be cancelled.
For WMT positions, the opening price will be divided by 3.
The volume of each open position on WMT will be multiplied by 3.
Please note that if you use an Expert Advisor (EA), RoboMarkets suggests checking with its developers whether its code needs modifications to ensure the correct interpretation of price data after a stock split.
The unbundling process will take place on February 26 and will be completed before the start of the US equity session at 16:30 hours (server time).
During the separation process, all active pending orders (Buy Limit, Sell Limit, Stop Loss and Take Profit) on WMT and WMT.ny will be cancelled.
For WMT and WMT.ny positions opened prior to the split, the opening price will be divided by 3.
The volume of all open positions on WMT and WMT.ny will be multiplied by 3.
All positions in any of these instruments in the same direction and in the same account will be combined into one new position. This new position will have the opening price and a volume based on a weighted average price of all positions held prior to the split.
The historical charts in your trading terminal will be updated to reflect the new prices of the aforementioned instruments.
All other aspects of the trading terms will remain intact. Consider this information when planning your trading activity.