Broker LiteFinance informed its clients about the upcoming changes in the parameters of the WMT trading instrument in connection with the split of Walmart stock.

Walmart's Board of Directors, in accordance with the program of creating optimal trading levels and spreads, has approved a 3:1 split of WMT stock scheduled for February 26, 2024, after the close of trading in the United States.

As a result, WMT's share price at the time of the split will be reduced by a factor of three in proportion to the split, which is in line with the company's commitment to provide share purchase opportunities to a wider range of investors.

The broker asks its clients to consider that the volume of positions already open at the time of the split will be increased by a factor of three in proportion to the stock splitting.

In addition, the entry price of open orders at the moment of the split will be reduced by three times in proportion to the share split.

Stop Loss / Take Profit orders on open positions will also be removed at the time of the split.

Current open positions can be closed manually.

All pending orders (Buy Limit, Sell Stop, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit) will be removed at the time of the split.

WMT stock with the updated parameters will be available for trading starting February 27, 2024.