Avaya stock did not split.
er been a stock split for this company?
A stock split is most likely to occur when
it has split 9 times. last was Jan 2003.
yes apple announces 7 for 1 stock split
common stock, preferred stock, stock split
The second Lucent stock split occurred on 04/01/1999. Lucent Technologies, a multinational telecommunications equipment company offered a 2 for 1 stock split.
It brings the stock price back down to a more "affordable" level. On the other hand, a reverse stock split increases the stock price by reducing the amount of shares outstanding.
Stock split require no journal entry rather memorandum entry is required about transaction.
When a stock splits, one stock becomes two. People that own the stock can see the value of their stock for the company double.
Bonus shares is a form of divendends paid in shares while stock split is when the price of a stock goes too high and the company wants to lower the price of the stock. However, some companies do not split their stock. For example, Berkshire Hathaway.
Occasionally, corporations split their stock. However, this does not change the value of the shareholder's shares on the corporation records or the corporation's net worth.
I can only say that when my stock split the company issued new stock certificates.
This actually sounds like a "reverse stock split." In such a transaction, which is done to increase the stock price without changing the company's market cap, a company trading three million shares at $10 who did a 1:3 reverse stock split would finish the day trading 1 million shares at $30. The other way is the "stock split," which is done to get the stock price down, one share at $30 becomes three shares at $10.
Insiders suggest that a stock split for WalMart (WMT) is planned for 2009, possibly March or April. Sources indicate that the split should occur before the stockholders' meeting in June.
IBM has split twice since 1995.