LiteFinance announces PANW trading changes
LiteFinance adjusts PANW terms for Palo Alto’s stock split
LiteFinance, an international brokerage firm, has informed its clients about upcoming changes to the PANW trading instrument parameters due to a 2-for-1 stock split of Palo Alto Networks Inc. shares.
The split, approved by the company’s Board of Directors, is scheduled to take place after the close of the trading session on December 13, 2024, according to the broker’s website.
Key details about the stock split
After the split, the price of PANW shares will be reduced by half to reflect the 2-for-1 split. LiteFinance outlined important adjustments for traders with open positions on #PANW at the time of the split:
Position Volume: The volume of existing positions will be doubled in proportion to the stock split.Entry Price Adjustment: Entry prices for open positions will be halved.
Stop Loss/Take Profit Orders: All active Stop Loss and Take Profit orders will be removed during the split.
Pending Orders: Pending orders, including Buy Limit, Sell Limit, Buy Stop, Sell Stop, and other similar orders, will also be canceled.
Closing Open Positions: Current open positions can still be closed as usual without additional restrictions.
Trading resumes December 16
PANW shares with adjusted parameters will be available for trading again when the market opens on December 16, 2024. Traders are advised to review their strategies and make necessary adjustments, especially for automated trading systems or Expert Advisors.
Guidance for traders
LiteFinance urges traders to carefully consider this information when planning their trades. The company also recommends visiting its website for further updates or additions regarding these changes.
For any additional support, traders can contact LiteFinance’s client support team via LiveChat.
Additionally, LiteFinance previously announced the launch of Bitolo, a new mobile payment solution designed for traders in Uganda, Tanzania, and South Africa.
