September 29th (Eastern Time) - $Super Micro Computer (SMCI.US)$ is about to implement a 10-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from October 1st, 2024.
$Super Micro Computer (SMCI.US)$ rose 4.31% and closed at $419.74 on September 27th with a turnover of $4.47 billion. $Super Micro Computer (SMCI.US)$ now has a total market capitalization of $24.57 billion.
What Is a Stock Split?
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Although the number of shares outstanding increases by a specific multiple, the total value of all shares outstanding remains the same because a split does not fundamentally change the company's value.
Note:
The company's actual implementation is subject to the final disclosure submitted to the exchange. The information provided herein is for reference only.