New York CNN —Walmart, the global mega-retailer that began in Arkansas in 1962, is making huge moves in 2024.
It’s making investments in technology and inventory that move it into new businesses and which will alter the Walmart experience of many customers.
Stock splitThe mega-retailer announced a 3-for-1 stock split that takes effect this week.
A stock split means a single share gets split into multiple shares.
Under the plan Walmart announced, people who own shares by close of business on February 22 will get two additional new shares of Walmart for every share they own.
Persons:
Doug McMillon, Jeffries, “, ”, McMillon, Burt Flickinger, Blake Droesch, CNN’s Parija Kavilanz, Nathaniel Meyersohn, Elisabeth Buchwald, Alicia Wallace
Organizations:
New, New York CNN, Walmart, ”, Labor, Consumer, Microsoft, Strategic Resource, CNN, Costco, Telsey Group, Target, Intelligence, FactSet
Locations:
New York, Arkansas, Las Vegas