Walmart to Split Stocks in Bid to Boost Employee Ownership

Key TakeawaysWalmart will issue two new shares for every outstanding one in late February, while continuing to trade under the WMT symbol.Walmart said the stock split would help its employees purchase more shares.The company’s stock closed at $165.59 on Tuesday, about $4 below the all-time-high it hit in November. Walmart (WMT) stockholders will see their number of shares increase next month when the company executes a three-to-one stock split in February, a move it says will make it easier for employees to ...