what stocks are splitting in 2024 guide

What stocks are splitting in 2024

What stocks are splitting in 2024 is a common search for investors tracking corporate actions that affect share counts, per-share prices and short-term liquidity. This guide explains the mechanics of stock splits, why splits resurged in 2024, lists high-profile 2024 splits and timelines, and explains how retail investors can track and verify split events (with an emphasis on using reliable filings and platforms such as company press releases, SEC EDGAR and market calendars). As of Oct 10, 2024, according to CNBC reporting, splits from market leaders helped renew public focus on the corporate action trend.

Definition and basic mechanics of a stock split

A stock split changes the number of outstanding shares and the per-share price while leaving a company’s total market capitalization unchanged (absent any separate market reaction). There are two primary forms:

• Forward (regular) split: a company increases the number of shares and reduces the price per share by a fixed ratio (for example, a 10-for-1 split converts one share into ten). Forward splits are often used to make shares more accessible to retail investors, employees and to increase liquidity.
• Reverse split: a company consolidates shares at a fixed ratio (for example, a 1-for-10 reverse split converts ten shares into one), typically to raise the per-share price and comply with listing requirements or to reduce the number of shareholders.

Common split-related dates you’ll see in announcements and filings:

• Announcement date: when the board approves and the company discloses the split terms.
• Ex‑date (distribution date): the date after which new share units trade at the post‑split basis and shareholders of record receive the split shares.
• Record date: the cut‑off for determining holders entitled to distribution in certain corporate actions.
• Payable/distribution date: when fractional-share cash payments are paid or when distribution mechanics conclude.

Important: a split does not change fundamentals such as revenue, earnings or ownership percentage for an investor who holds shares through the ex‑date; it merely changes share counts and per‑share metrics.

2024: resurgence of stock splits (market context)

After a relative lull in high‑profile splits during the 2010s and early 2020s, 2024 saw a clear resurgence in stock split activity among large-cap technology and consumer names. Market commentators pointed to several drivers:

• Elevated absolute share prices in high-performing stocks made single shares less affordable to many retail investors and employee shareholders.
• Companies sought to make shares more accessible to rank‑and‑file employees participating in equity compensation plans, improving morale and perceived affordability.
• A renewed focus on retail participation and the demonstrated liquidity benefits from prior splits encouraged other boards to follow suit.

As of Nov 1, 2024, aggregators such as StockAnalysis and major financial outlets documented a marked increase in announced and distributed forward splits among large-cap U.S. and international issuers compared with previous recent years. This resurgence combined headline-making 10‑for‑1 and larger splits with many small‑cap reverse-split announcements where firms were meeting exchange standards.

Notable stock splits in 2024 (examples and short notes)

Below are high‑profile split examples from 2024. Each entry lists the announced/distribution timing and a one‑sentence note on significance. The list compiles public reporting and split calendars for 2024 (media and data providers).

• Nvidia — 10‑for‑1 (distributed June 7, 2024): high‑profile tech split tied to retail accessibility and to better align share price with employee equity plans; Nvidia’s market cap was reported above $1 trillion around the split distribution window.
• Walmart — 3‑for‑1 (distributed Feb 23, 2024): an early 2024 split from a blue‑chip retailer cited by management as a move to increase affordability for associates and long‑term investors.
• Broadcom — 10‑for‑1 (distributed July 12, 2024): a large‑cap semiconductor split following a strong multi‑year run for the company.
• Chipotle Mexican Grill — 50‑for‑1 (distributed June 25, 2024): an unusually large ratio intended to materially lower per‑share price and broaden retail ownership after sustained appreciation.
• Sony Group — 5‑for‑1 (ADS/ADR split distributed Oct 8, 2024): an international issuer adjusting its ADR unit structure to improve U.S. investor accessibility.
• Lam Research — 10‑for‑1 (distributed Oct 3, 2024): semiconductor equipment maker splitting after significant share price appreciation.
• Cooper Companies — (reported split in 2024; check company filing for exact terms): noted as part of the broader split wave among healthcare/product names.
• Texas Pacific Land — (reported split action in 2024; see official notice): distribution noted by market calendars.
• Old Dominion — (2024 split reported): management framed the split as enabling better trading liquidity.
• Amphenol — (2024 split reported): part of industrials making their shares more accessible.
• Williams‑Sonoma — (2024 split reported): retail/consumer names participating in the broader trend.
• Cintas — (2024 split reported): corporate action aligned with board capital‑management goals.

Note: the above list synthesizes company press releases, exchange notices and coverage by major outlets and split calendars. For exact record/ex‑date and distribution mechanics, rely on the company’s official filing or exchange notice.

Forward splits vs reverse splits in 2024

Forward splits (e.g., 2‑for‑1, 5‑for‑1, 10‑for‑1, and even 50‑for‑1 like Chipotle) increase shares outstanding and reduce per‑share prices proportionally. The intent is typically to broaden the shareholder base and increase perceived affordability.

Reverse splits (e.g., 1‑for‑5, 1‑for‑10) consolidate shares and raise the per‑share price. They are commonly used by smaller issuers to regain or retain compliance with minimum price rules of exchanges and to reduce administrative costs for low‑value share lots. In 2024, many reverse splits continued to appear among small‑cap and micro‑cap issuers, often disclosed via exchange notices and EDGAR filings.

Practical differences investors should note:

• Forward split: you hold more shares post‑split; price per share adjusts down; total position value remains the same at the moment of distribution (absent market reaction).
• Reverse split: you hold fewer shares post‑split; price per share adjusts up; fractional‑share treatment may lead to cash‑in‑lieu for small holdings.

Data providers tracking corporate actions list both split types; in 2024 the media focus tended to be on large, attention‑grabbing forward splits among household names.

Market effects and empirical findings

Academic and market commentary about stock splits consistently finds:

• Fundamentals unchanged: splits do not directly alter a company’s revenues, earnings or intrinsic value.
• Liquidity and trading volume: many studies and market observers report increases in trading volume and liquidity following forward splits, at least in the short run.
• Price reactions: forward splits sometimes coincide with positive short‑term price reactions, potentially driven by increased retail demand and a signaling effect from management (but this is not a reliable indicator of long‑term performance).
• Retail ownership: splits can increase the number of retail holders, particularly for very large ratios that reduce the headline price.

In 2024, aggregated market commentary replicated these findings: headline splits increased retail interest and intraday volume for the distributed names; however, long‑term equity performance remained linked to company fundamentals rather than the split mechanics themselves. Where available, options and derivative flows also showed heightened activity around ex‑dates.

How splits affect derivatives, options, and recordkeeping

Options contracts and other derivatives tied to underlying stock tickers require mechanical adjustments when a split occurs. Standard practices include:

• Options adjustments: the Options Clearing Corporation (OCC) and exchanges adjust option multipliers and strike equivalences so that option holders maintain economically equivalent positions after a split (for example, a 10‑for‑1 split typically causes an option contract that used to represent 100 shares to represent 1,000 shares, with strike prices reduced by the split ratio).
• Ticker and class changes: companies may change or add a new ticker suffix (or shift ADR unit ratios) to reflect the split; exchanges and custodians announce these changes ahead of distribution.
• Recordkeeping: brokers and custodians record share count changes and issue cash‑in‑lieu for fractional shares where applicable. Many brokers now support fractional share handling, but the treatment can vary by broker.

Investors holding options or complex derivatives should consult their brokerage and official OCC/exchange notices for exact adjustment mechanics and timelines. Professional custodians and market makers coordinate with exchanges to ensure orderly adjustments on ex‑dates.

How to track and verify splits (data sources and calendars)

Accurate tracking requires cross‑checking multiple sources. Primary public sources and calendars used in 2024 include:

• Company press releases and SEC filings (EDGAR): the definitive source for split terms and corporate rationale — always first source for confirmation.
• Nasdaq corporate actions and exchange daily lists: exchange notices provide operative dates and mechanics for listed issuers.
• Aggregated calendars and data providers: StockAnalysis (All 2024 Stock Splits list), Yahoo Finance split calendar, Investing.com splits calendar, TipRanks calendar, HedgeFollow, and other financial aggregators compile announced and distributed splits.
• Financial media coverage: outlets such as CNBC, Motley Fool, and major business dailies carry narrative coverage and timelines.

As of Aug 1, 2024, Yahoo Finance and StockAnalysis maintained up‑to‑date split calendars that aggregated announced and distributed events for that year, but coverage timing and detail sometimes varied between providers. Aggregators are helpful for scanning multiple events, but always confirm with the company’s official notice or EDGAR filing for exact dates and distribution mechanics.

If you trade on margin or hold options, notify your broker and confirm how fractional shares will be handled; for custody and settlement issues consider custodians that provide clear corporate action communications (and when choosing trading platforms, consider Bitget for spot and derivative access and Bitget Wallet for custody convenience).

Regulatory filings and official notices

Companies typically announce splits via press release and incorporate details in corporate governance filings. Key official sources:

• SEC EDGAR filings: proxies, 8‑K filings and other governance notices often contain the board resolution and split terms.
• Exchange notices: Nasdaq, NYSE and other listings provide daily corporate action lists and operational details.
• Company investor relations pages and press releases: the investor relations site will include timelines and FAQs for shareholders.

Always rely on the company’s official communication or the exchange notice to confirm ex‑date, record date and distribution date rather than relying solely on aggregated calendars.

Notable company case studies (short vignettes)

• Nvidia (June 2024): Nvidia’s 10‑for‑1 split was announced after several years of exceptional share‑price performance; management emphasized accessibility for employees and retail investors, and coverage noted that the split helped bring a single share within reach of more individual investors.

• Chipotle Mexican Grill (June 2024): the 50‑for‑1 split was a very large ratio and marked a milestone for a company with multi‑year earnings and share appreciation; the split materially reduced Chipotle’s per‑share price and drew attention for its scale.

• Walmart (Feb 2024): Walmart’s 3‑for‑1 split was among the early high‑profile splits in 2024 and was described by the company as a way to increase affordability for associates and smaller investors.

Each vignette above is based on company disclosures and contemporaneous reporting; for exact phrasing of corporate rationale see the issuer’s press release and SEC filings.

Analysts’ candidates and expectations during 2024

Throughout 2024, analysts and financial commentators published candidate lists of stocks likely to split. Common screening criteria used by analysts include:

• High absolute share price: stocks trading at elevated single‑share prices are more likely to be considered for forward splits.
• Strong historical price appreciation: companies with recent multi‑year gains draw attention as split candidates.
• Large and visible employee equity programs where management emphasizes accessibility.
• Stable governance and willingness of the board to authorize a split.

Frequently mentioned potential candidates (as of mid‑2024 commentary) included names that had high share prices relative to peers in retail, travel and discretionary sectors — analysts emphasized that a split is a board decision and not guaranteed even if a stock meets typical criteria.

Investor considerations and practical implications

Retail and institutional investors should keep the following in mind:

• Intrinsic value unaffected: splits do not change the intrinsic value of your holdings; they change the number of shares and per‑share math.
• Short‑term volatility: splits can increase intraday and short‑term volatility due to higher retail interest and trading volume.
• Fractional shares: many brokerages now allow fractional‑share handling for forward splits; for reverse splits, brokers may pay cash‑in‑lieu for fractional holdings depending on policy.
• Options and derivatives: options are adjusted mechanically by the OCC and exchanges; consult your broker for how option multipliers and strike prices change.
• Order sizing and limit orders: consult your broker to ensure open orders behave as expected across ex‑dates (some orders may be canceled or adjusted).

For custody and trading, consider platforms with clear corporate action communications — Bitget provides user resources on corporate actions and integrated custody via Bitget Wallet for users who prefer dedicated custody solutions.

Historical context and longer-term perspective

Stock splits were especially common in the late 1990s during the tech booms, then declined in frequency after 2008 as companies and boards deprioritized split actions. By the mid‑2020s, large absolute share prices for major tech and consumer companies combined with powerful retail demand drivers contributed to a renewed interest in forward splits. The 2024 wave of splits is best viewed as part of longer cyclical and market‑structure dynamics rather than a change in corporate finance fundamentals.

Chronological 2024 split timeline (compact table-style summary for a Wiki)

Below is a compact, wiki‑style chronology summary. This table is a sample and should be cross‑checked with company filings and exchange notices for legal precision.

| Date (distributed/ex‑date) | Ticker | Company | Split ratio | Type | Note | |---------------------------|--------|---------|-------------|------|------| | Feb 23, 2024 | WMT | Walmart | 3‑for‑1 | Forward | Early 2024 split from a large‑cap retail name | | Jun 7, 2024 | NVDA | Nvidia | 10‑for‑1 | Forward | Major tech split increasing retail accessibility | | Jun 25, 2024 | CMG | Chipotle Mexican Grill | 50‑for‑1 | Forward | Very large ratio to lower per‑share price | | Jul 12, 2024 | AVGO | Broadcom | 10‑for‑1 | Forward | Semiconductor large‑cap split | | Oct 3, 2024 | LRCX | Lam Research | 10‑for‑1 | Forward | Semiconductor equipment split | | Oct 8, 2024 | SONY | Sony Group (ADR) | 5‑for‑1 | Forward (ADR) | ADR unit adjustment for U.S. holders | | 2024 | Various | Cooper Companies, Texas Pacific Land, Old Dominion, Amphenol, Williams‑Sonoma, Cintas | reported | Forward | Reported splits compiled from calendars and filings |

Note: This timeline compiles notable distributed dates and public reporting; it is not exhaustive. For a full chronological table suitable for a wiki, compile data directly from EDGAR and exchange corporate action lists and cross‑reference aggregator calendars (StockAnalysis, Yahoo Finance, Investing.com, TipRanks, HedgeFollow).

Frequently asked questions (FAQ)

Q: Does a stock split change company value? A: No — a split changes share count and per‑share price but not the company’s market capitalization at the moment of distribution; market reactions can still alter market cap after the split.

Q: Will I receive fractional shares? A: Treatment varies. Many brokerages support fractional shares for forward splits; for reverse splits you may receive cash‑in‑lieu for fractional holdings. Check your broker’s corporate‑action policy.

Q: How are dividends affected? A: Dividend per‑share amounts are adjusted proportionally after a split; the company’s total dividend payout policy remains subject to board decisions.

Q: How are options adjusted? A: The OCC and exchanges adjust option contract multipliers and strike prices so that option holders keep economically equivalent positions; consult official OCC notices and your broker for details.

Q: Where can I confirm split terms? A: The company’s press release and SEC EDGAR filing are the authoritative sources; exchange notices provide additional operational details.

See also

• Stock split (wiki topic)
• Reverse stock split
• Corporate action
• Options adjustment
• SEC EDGAR (filings and disclosures)

References and data sources

Sources compiled for this article and the 2024 split list include public filings and market calendars. Representative sources used during compilation:

• Company press releases and SEC EDGAR filings (authoritative announcements and board resolutions).
• StockAnalysis — All 2024 Stock Splits list (aggregated calendar).
• Yahoo Finance split calendar (calendar of announced/distributed splits).
• Nasdaq corporate actions and exchange daily lists (operational notices).
• Investing.com splits calendar (aggregated data)
• TipRanks split calendar and market commentary.
• HedgeFollow coverage of corporate actions and split announcements.
• CNBC and Motley Fool reporting on notable 2024 splits (for narrative context).

As of Oct 10, 2024, according to CNBC reporting, several high‑profile splits (including Nvidia and Chipotle) received extensive market coverage. As of Nov 1, 2024, StockAnalysis and Yahoo Finance calendars aggregated the majority of announced and distributed events for 2024.

Notes on compilation and data accuracy

This guide is a synthesis of public reporting, exchange notices and company filings. Definitive split terms and operative dates should always be confirmed using the company’s press release, SEC EDGAR filing or the relevant exchange notice. Aggregated calendars (StockAnalysis, Yahoo Finance, Investing.com, TipRanks, HedgeFollow and financial media) are useful for scanning events but can lag official filings or vary in coverage.

Further, the market statistics referenced in reporting (e.g., market capitalization or trading volumes around split dates) reflect contemporaneous reporting by financial media and data providers — for precise, time‑stamped numerical verification consult primary data sources or the company’s filings.

Practical next steps and resources

• If you trade: check your broker’s corporate action policy and ask how fractional shares and open orders are handled across ex‑dates.
• If you hold options or derivatives: consult OCC/exchange adjustment notices and your broker for contract details.
• If you want consolidated tracking: use company press releases plus a reliable calendar aggregator and confirm with EDGAR and exchange notices.
• For custody and trading solutions: consider Bitget for trading support and Bitget Wallet for custody and corporate‑action notifications.

Further explore the Bitget Wiki for related guides on corporate actions, options adjustments and using Bitget Wallet to manage custody and notifications about corporate events.

If you’d like, I can compile a downloadable chronological table of all confirmed 2024 splits with direct references to the issuer filings and exchange notices (EDGAR/exchange citation for each row). Would you like the full CSV table, or should I prepare a compact wiki table sorted by distribution date?