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Walmart implements 3-for-1 stock split

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A three-for-one stock split by Walmart goes into effect today.

Walmart officials cited an "ongoing review of optimal trading and spread levels and its desire for its associates to feel that purchasing shares is easily within reach."

"Sam Walton believed it was important to keep our share price in a range where purchasing whole shares, rather than fractions, was accessible to all of our associates," said Walmart CEO Doug McMillon.

Read more from Fox Business.

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