Dear Clients,
We inform you about upcoming changes in the parameters of the #AVGO trading instrument in connection with the split of Broadcom Inc. shares.
Broadcom Inc.'s Board of Directors has approved a 10-for-1 stock split of #AVGO, scheduled for July 12, 2024, after the close of a trading session.
Therefore, the price of #AVGO shares at the time of the split will be reduced by ten times in proportion to the split.
If you have open positions on #AVGO, please consider the following:
- The volume of positions already open at the time of the split will be increased by ten times in proportion to the stock split.
- The entry price for open orders will be reduced at the time of split by ten times in proportion to the splitting of shares.
- Stop Loss / Take Profit orders for open positions will be removed at the time of the split.
- All pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit) will be removed at the time of the split.
- Current open positions can be closed as usual without any additional restrictions.
#AVGO stocks with new parameters will be available for trading starting from July 15, 2024, at the market opening.
Please take this information into consideration when making trading decisions and readjust your Expert Advisors if necessary.
If you have any questions, please contact LiteFinance's client support via LiveChat.
Yours faithfully,
LiteFinance team
