Is Walmart Stock a Buy After the Stock Split?

A retail giant for the first time in more than twenty years (NYSE:WMT) conducted a stock split on February 26, with shares trading post-split. The company’s decision to implement a 3-for-1 split was driven in part by a desire to ensure that shares remained affordable to employees, known as associates. .

Referring to founder Sam Walton in explaining the stock split decision, Walmart CEO Doug McMillon said: “Sam Walton felt it was important to keep our stock price within a range where purchasing whole shares, rather than fractions, was accessible to all our employees.”

Walmart shares hit an all-time high of $181.35 on February 20. Since then, the company’s stock price remains near its split-adjusted 52-week high of $60.45, raising questions about whether it’s a buy.

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Source Fool.com

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