"Walmart's 3-for-1 Stock Split Amid Near-Record Share Prices"

Walmart has announced a three-for-one stock split as its shares hover just below their all-time high, with the additional shares payable to shareholders of record as of Feb. 23. The stock will begin trading on a post-split basis on Feb. 26. The decision to split the stock was made in part to allow more employees to participate in its stock purchase plan, and Walmart shares rose about 1% in extended trading following the announcement.