Nvidia stock split, May jobs report: What to watch
What is the significance of Nvidia's 10-for-1 stock split and how does it affect the stock's affordability?
Nvidia's 10-for-1 stock split means that existing shareholders will receive 10 shares of Nvidia for every 1 they own at a price of 10% of the market value6. This split aims to make the stock more accessible to employees and investors, as the lower price per share appears more affordable. However, it's important to note that the total value of the shares held by an investor remains the same after the split.
For example, if Nvidia shares were trading at $1,020 per share before the split, an investor holding one share before the split would hold 10 shares priced at $102 per share after the split. The total value of their holdings remains $1,020.
The stock split does not change Nvidia's economic value or the value of individual holdings. It only changes the proportionate amount of ownership that each share represents. This move could potentially boost Nvidia's chances of joining price-weighted indexes like the DJIA, as they tend to avoid adding high-priced stocks because movements in their price could have an outsized impact on the index.
How did the announcement of Keith Gill's livestream impact GameStop's stock prices?
The announcement of Keith Gill's livestream had a significant impact on GameStop's stock prices. When the news of the livestream broke, GameStop shares surged by 47% in Thursday's trading. This surge in price can be attributed to Gill's influence on the market, as he was a key figure in the 2021 GameStop frenzy that saw the stock price skyrocket. His return to the spotlight and the anticipation of his livestream caused a similar effect, with investors eager to see what information or insights he might share about the company and its stock.
What are the expected job additions for May as mentioned in the video transcript, and how do they compare to April's figures?
The expected job additions for May, as mentioned in the video transcript, are 190,000. This is an increase from April's slower than expected gains. The unemployment rate is expected to hold steady at 3.9%, extending the streak below 4% which hasn't been seen since the early 1950s.