RoboMarkets Announces Walmart Stock Split

A prominent retail FX and CFD broker, RoboMarkets, has provided its clients with a critical update concerning Walmart shares and the momentous development. A stock division is scheduled to occur on February 26, 2024, per arrangements made by Walmart. As a consequence of this corporate action, the quantity of issued shares will increase by a designated multiplier, while the value of each share will decrease by the identical multiplier.

Each Walmart share will be split into three by the 3-for-1 stock division. On February 26, 2024, profit-conscious investors and Walmart stock buyers should observe several significant events.

Account Migrations from MetaTrader 4 to 5

On February 26, at 16:30 (server time), before the start of US stock trading, stock division operations are anticipated to conclude. As a result, fulfillment of the orders submitted for Walmart shares will be closed. Constraints of these orders consist of Sell Limit, Sell Stop Limit, Take Profit, and Stop Loss.

WMT positions will be subject to corrections in both volume and initial price. More precisely, there will be a threefold decrease in the opening price of each WMT position, accompanied by an equivalent tripartite increase in its volume. To verify the precision of the price data analysis conducted by Expert Advisors (EAs) after a stock split, RoboMarkets recommends that customers who employ EAs consult with their developers.

R StocksTrader Account Adjustments

The same as MetaTrader accounts, the stock split for R StocksTrader accounts will also be finalized before the start of the US Stock sessions on February 26. Pending active orders for WMT and WMT.ny, including Buy Limit, Sell Limit, Stop Loss, and Take Profit orders, will be canceled during the split procedure.

For existing positions in WMT and WMT.ny opened before the split, the opening price will be divided by three, and the volume of these positions will be increased threefold. Additionally, positions on the same account and in the same direction will be combined into a single position with an initial price and volume based on the average weighted price of all positions before the division.

RoboMarkets will update the historical charts in trading terminals to reflect the adjusted prices of the aforementioned instruments, ensuring that traders have accurate data for analysis and decision-making.

This stock split represents a pivotal moment for Walmart shareholders and those trading Walmart shares through RoboMarkets. Clients must understand these changes and prepare their portfolios accordingly. For further details or assistance, RoboMarkets encourages its clients to contact their support team.

You may access to RoboMarkets page for more info.