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Broadcom Inc (AVGO) 10-for-1 Stock Split
BY TIO Staff
|July 11, 2024After the market closes on Friday 12th July, Broadcom Inc stock (AVGO) will undergo a 10-for-1 split. This will be effective from the US stock market open on Monday, July 15th.
What does this mean for you?
For all clients who have exposure in AVGO stock after the close of business on Friday 12th July, you will see an adjustment in your exposure and the price to reflect this event.
Equity in AVGO will be unchanged, but clients will have 10 times the number of shares at 1/10th of the price. For example, if you were long 10 shares at a closing price of $1,000 on the 12th, that will become a long of 100 shares at an opening price of $100 on the 15th.
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