Today after the market closes, Nike Inc. (NKE) will provide its investors with two shares for every one held. This stock split is payable to all shareholders of record as of December 9th, and the shares will begin trading at the post-split price beginning December 24th.
Nike’s shares will instantly become more affordable, as the 2-for-1 stock split halves the price. Today’s midmorning session price is around $130, and after the split shares will trade for around $65.
Also after the split there will be more of both Class A and Class B shares on the market. On Christmas Eve there will be 353 million Class A shares and 1.36 billion Class B shares.
Best on the Dow
As reported in the Wall Street Journal, “Nike is currently the best performing stock in the Dow Jones Industrial Average, up about 38% in total return so far this year, according to the Dow Jones Market Data Group.”
But what will the stock split — the seventh 2-for-one split in Nike history — do for investors? This is the question that our expert equities analysts will be addressing in the last few webinars before the market closes on Christmas (and our office closes as well).
End of the year opportunities
Along with Nike’s stock split, there are many other opportunities our experts will be discussing in our free webinars before the end of the year. If you want to end 2015 strong, and begin the New Year with the best stock and options information available, make sure you register for one of these events by using the form below.
Nike is doing it for themselves after the market closes today, but you can do something for yourself by joining one of our webinars. Don’t miss today’s breakdown…