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AboveNet: Its stock rose 32% on the day it announced a stock split. Actua Corporation (formerly Internet Capital Group): A company that invested in B2B e-commerce companies, it reached a market capitalization of almost $60 billion at the height of the bubble, making Ken Fox, Walter Buckley, and Pete Musser billionaires on paper.
The main effect of stock splits is an increase in the liquidity of a stock: [3] there are more buyers and sellers for 10 shares at $10 than 1 share at $100. Some companies avoid a stock split to obtain the opposite strategy: by refusing to split the stock and keeping the price high, they reduce trading volume.
The following table lists the largest ever corporate spin-offs. Rank Year Divestor Spin-off entity Transaction value (in billions USD) Inflation adjusted
Tesla's most recent stock split was a 3-for-1 split carried out in 2022. When that stock split was first announced in June 2022, shares were trading around $700. Therefore, it's possible the ...
As we prepare to barrel into 2025, billionaires are piling into two prominent stock-split stocks. Broadcom. The first stock-split stock that two top-notch billionaire money managers want to own as ...
That's one of the biggest splits ever, and with the shares' four-figure price tag prior to the split, it made a lot of sense. It went through in June, and Chipotle stock dropped slightly afterward.
On June 6, 2002, Yum! executed a two-for-one stock split. [20] Shortly afterwards, due to Yum!'s lifetime contract with Pepsi, Long John Silver's and A&W Restaurants (which previously served Coca-Cola products) began switching to Pepsi products, with A&W Restaurants retaining A&W Root Beer from a separate deal with Dr Pepper/Seven Up (now ...
The average return after a stock split is announced in the year that follows is 25.4%. That's about a 13% greater return than the market over the same period. This chart lays it out nicely.