April 1st - $MS&AD INS GP HLDGS ADR EACH REPR 0.5 ORD UNSPON (MSADY.US)$ is about to implement a 3-for-2 stock split of shares. The shares will begin trading on a split-adjusted basis from April 2nd, 2024.
$MS&AD INS GP HLDGS ADR EACH REPR 0.5 ORD UNSPON (MSADY.US)$ slipped 1.29% and closed at $26.7 on March 28th with a turnover of $2.36 million. $MS&AD INS GP HLDGS ADR EACH REPR 0.5 ORD UNSPON (MSADY.US)$ now has a total market capitalization of $28.21 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.