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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.
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
When did Atlantic richfield stock split?
Atlantic Richfield Company (ARCO) underwent a stock split on June 28, 1990. This was a 2-for-1 split, meaning that shareholders received an additional share for each share they owned. The split was part of the company's efforts to make its stock more accessible to a broader range of investors.
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 did allstate stock split from 1998-2012?
From 1998 to 2012, Allstate Corporation's stock split twice. The first split occurred on May 22, 1999, when the stock was split 2-for-1. The second split took place on June 30, 2006, also as a 2-for-1 split.
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.
When was the last stock split for Proctor and Gamble?
The last stock split for Procter & Gamble occurred on April 1, 2004. It was a 2-for-1 stock split, which means that shareholders received an additional share for every share they owned, effectively halving the stock price. Since then, the company has not conducted any further stock splits.
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.
When did US surgical corp have a stock split?
US Surgical Corporation, which was known for its surgical stapling technology, had a stock split on September 15, 1997. This split was a 2-for-1 stock split, which doubled the number of shares held by shareholders while halving the stock price. The split was part of the company's strategy to make shares more accessible to a broader range of investors.
How many times has att stock split since 1990?
1
