This is the second stock split by Tesla in as many years and follows similar moves by high-growth companies such as (AMZN.O) and Google-parent Alphabet (GOOGL.O) to address the growing need to diversify investor base. It had closed at $891.29 before the split on Wednesday. The stock opened at $302 and closed at $296.07 as the split allowed investors to get two additional shares for each they owned as of Aug. keeps raising its interest rates while Japan maintains lower rates.Aug 25 (Reuters) - Tesla Inc's (TSLA.O) shares closed 2% lower on Thursday as a three-for-one stock split announced by the world's most valuable automaker to woo retail investors came into effect. That pressure won't ease as long as the U.S. Over the past six months, both of Nintendo's ADRs shed nearly a fifth of their value - woefully underperforming the underlying Tokyo-listed shares - as the yen collapsed against the rising dollar. Nintendo's stock split could make it more attractive to Japanese investors, but its American investors still need to worry about the intense currency headwinds. But will Nintendo's stock recover anytime soon? That increased liquidity might breathe some fresh life into Nintendo's sluggish stock, which has dipped about 4% in Japan over the past six months amid concerns about its declining sales and profits.
It also makes it easier to trade options in Nintendo. Nintendo is one of Japan's most celebrated brands, and the Switch is still the country's best-selling video game console, so it's smart to make its stock more accessible to its core consumers. Simply put, Nintendo's stock split matters because it's finally letting people buy single slices of its pizza instead of the whole pie. That's why all the major American exchanges and brokerages now let investors place orders for fewer than 100 shares. However, technological advances have made it easier to bundle smaller orders with larger ones, and smaller investors demanded the ability to buy fewer shares, especially in high-priced stocks that cost hundreds or thousands of dollars. That's why single option contracts are still tethered to round lots of 100 shares. A few decades ago, investors were required to place a minimum order of 100 shares, or a "round lot", because smaller "odd lot" orders were more expensive and difficult to process.
In America, it's common to buy single or fractional shares of a stock. The differences between American and Japanese stocks However, Nintendo's stock split actually matters for one simple reason: affordability. It's like slicing a single pizza into 20 slices instead of ten, and then selling those smaller slices for half the price of the original ones. On their own, stock splits don't change a company's fundamentals or valuations, because they merely break a single share into smaller ones.
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