May 4th - $Canadian Natural Resources (CNQ.US)$ is about to implement a 2-for-1 stock split of shares. The shares will begin trading on a split-adjusted basis from June 11th, 2024.
$Canadian Natural Resources (CNQ.US)$ slipped 0.28% and closed at $74.65 on May 3rd with a turnover of $205.55 million. $Canadian Natural Resources (CNQ.US)$ now has a total market capitalization of $79.94 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.