News LiteForex
LiteFinance warned of an impending Broadcom stock split

LiteFinance warned of an impending Broadcom stock split

LiteFinance broker informed its clients about significant changes in the #AVGO trading instrument following Broadcom Inc.'s decision to conduct a 10-to-1 stock split.

This stock split, approved by the Broadcom Inc. board of directors, will take effect after the close of the trading session on July 12, 2024.

Key changes include:

    - Price adjustment: the #AVGO share price will be reduced tenfold in proportion to the split.
    - Volume increase: the volume of existing positions will increase tenfold.
    - Entry Price Decrease: entry prices for open orders will decrease tenfold
    - Order adjustments: Stop Loss and Take Profit orders for open positions will be removed. All pending orders including Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit will also be removed during the split.

Existing open positions may be closed without further restrictions. The new #AVGO stock parameters will be available for trading as of market open on July 15, 2024.

Traders are advised to consider these changes when making trading decisions and adjust their Expert Advisors as necessary. The purpose of this stock split is to increase the availability of Broadcom shares by lowering the price per share and proportionately increasing the number of shares held by investors.

The broker points out to its users that if they have questions or need further clarification, they can contact customer support via LiveChat.

This proactive communication ensures that traders are well prepared for the changes and can adjust their strategies accordingly, maintaining the integrity and efficiency of their trading activities.

‹ Back