Walmart (NYSE: WMT) announced a 3-for-1 stock split, causing investors to wake up to three times the number of shares they held previously. The split, which took effect on February 25, 2024, does not technically add any value for investors, as explained by Travis Hoium, a contributor from The Motley Fool.

In a video published on February 25, 2024, Hoium discusses the reason behind Walmart's decision to split its stock and reveals the market's enthusiasm despite the lack of direct benefits for investors. The move comes as Walmart's stock prices on February 25, 2024, saw a surge in trading activity.

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Notably, Hoium disclosed having positions in Berkshire Hathaway, another entity endorsed by The Motley Fool alongside Walmart. The Motley Fool maintains a disclosure policy, and though Hoium may receive compensation for promoting their services, his opinions remain independent and unaffected by the affiliation.

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