October 2nd - $MURATA MANUFACTURING CO UNSP ADR EACH REP 0.5 ORD (MRAAY.US)$ is about to implement a 3-for-2 stock split of shares. The shares will begin trading on a split-adjusted basis from October 3rd, 2023.
$MURATA MANUFACTURING CO UNSP ADR EACH REP 0.5 ORD (MRAAY.US)$ rose 0.51% and closed at $13.71 on September 29th with a turnover of $1.61 million. $MURATA MANUFACTURING CO UNSP ADR EACH REP 0.5 ORD (MRAAY.US)$ now has a total market capitalization of $103.6 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.