Winnebago Industries Inc.’s stock will begin trading at around $34.57 a share today (March 8).
The change in share price is because of a 2-for-1 stock split that took effect after the stock market closed on Friday (March 5).
The motorhome manufacturer’s stock, listed on the New York Stock Exchange, closed at $69.14 a share on Friday.
As a result of the stock split, the number of outstanding Winnebago shares has doubled to almost 33.9 million.
The 52-week high and 52-week low for Winnebago stock also have been adjusted as a result of the stock split. Winnebago’s 52-week high now is $37.88 and its 52-week low is $11.66.
Prior to the split, the 52-week high was $75.76 and its 52-week low was $23.31.
Because more investors can afford to buy a stock priced around $35 a share than $70 a share, Winnebago stock, was expected to trade on Monday a little above the opening price of $34.57.