November 25th (Eastern Time) - $Meritage Homes (MTH.US)$ is about to implement a 2-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from January 3rd, 2025.
$Meritage Homes (MTH.US)$ rose 3.8% and closed at $184.44 on November 22nd with a turnover of $71.05 million. $Meritage Homes (MTH.US)$ now has a total market capitalization of $6.67 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.