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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.
What else can I help you with?
When did the Lucent stock split in 1999?
The second Lucent stock split occurred on 04/01/1999. Lucent Technologies, a multinational telecommunications equipment company offered a 2 for 1 stock split.
You own 240 shares of stocks in a computer company The company declares a stock split of 5 shares for every 3 owned How many shares of stock will you own after a stock split?
240/3= 80. 80 times 5 is 400.
What is the impact on the number of shares being issued when a company undergoes a 2-for-1 stock split?
When a company undergoes a 2-for-1 stock split, the number of shares being issued doubles.
Does the par value change in a stock split?
No, the par value does not change in a stock split.
What was Alltel stock split for may 1967?
Alltel had the following stock splits: 12/16/68 5 for 4 2/1/72 4 for 3 5/29/87 3 for 2 7/14/89 3 for 2 7/9/93 2 for 1
What is the price of gm stock in 1989?
Split adjusted, the stock of GM was 41.13 on 1/3/1989 and 42.25 on 12/29/1989. The price ranged from 39.13 - 50.50. A 3 for 2 stock split occurred on 3/29/1989. Use Yahoo Finance's 'Historical Prices' link for a particular stock to recover prices as they were on that date (not split adjusted).
How many times has Sears stock split?
3
When did the Lucent stock split in 1999?
The second Lucent stock split occurred on 04/01/1999. Lucent Technologies, a multinational telecommunications equipment company offered a 2 for 1 stock split.
How many times and when has Bank of America stock split?
3
Did avaya stock split?
Avaya stock did not split.
What percentages are in a 3 to 1 split and a 4 to 1 split?
33.3 percent in 3 to 1 split 25 percent in 4 to 1 split
You own 240 shares of stocks in a computer company The company declares a stock split of 5 shares for every 3 owned How many shares of stock will you own after a stock split?
240/3= 80. 80 times 5 is 400.
What is the impact on the number of shares being issued when a company undergoes a 2-for-1 stock split?
When a company undergoes a 2-for-1 stock split, the number of shares being issued doubles.
How many times has att stock split since 1990?
1
Ho many times has Marriott stock split since 1992?
3
Did southern company stock split?
er been a stock split for this company?
What is a 1 for 100 reverse split?
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
