Lucent did not have a reverse stock split. On December 1, 2006 Lucent merged with Alcatel to become Alcatel-Lucent. Lucent shareholders received .1952 Alcatel-Lucent American Depository Shares (ADSs) for each share of Lucent stock..
The second Lucent stock split occurred on 04/01/1999. Lucent Technologies, a multinational telecommunications equipment company offered a 2 for 1 stock split.
According to the Alcatel-Lucent website, Lucent never did a reverse stock split. The only splits listed are the two 2-for-1 splits that occurred on 4/1/98 and 4/1/99. See: http://www.alcatel-lucent.com/wps/portal/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLd4w3sTAGSYGYRq6m-pEoYgbxjggRX4_83FT9IH1v_QD9gtzQiHJHR0UAIESCFA!!/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82X0FfNDg2
lucent stock prices 1998 and 199
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.
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.
The second Lucent stock split occurred on 04/01/1999. Lucent Technologies, a multinational telecommunications equipment company offered a 2 for 1 stock split.
According to the Alcatel-Lucent website, Lucent never did a reverse stock split. The only splits listed are the two 2-for-1 splits that occurred on 4/1/98 and 4/1/99. See: http://www.alcatel-lucent.com/wps/portal/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLd4w3sTAGSYGYRq6m-pEoYgbxjggRX4_83FT9IH1v_QD9gtzQiHJHR0UAIESCFA!!/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82X0FfNDg2
$84 (split-adjusted)
lucent stock prices 1998 and 199
A 2 for 1 split on 4/1/1998, and another 2 for 1 split on 4/1/1999.
The stock ticker symbol for Lucent Technologies is LU.
38.50
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.
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.
A 1 for 100 reverse stock split means that you will receive 1 new share for your currently held 100 shares. Example: You hold 100,000 shares of Microsoft Corp. (MSFT) after the 1 for 100 stock split you will hold 1,000 new shares of MSFT
During the beginning March 1998 Lucent Stock Price opened at 26.75 and closed at around 23.53. By months end stock price increased to 35.88 with a closing price of 33.58.
Yahoo! Finance.