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The first stock-split stock that can be purchased with confidence in the new year is arguably the most unique of all splits from 2024: satellite-radio operator Sirius XM Holdings (NASDAQ: SIRI).
In 1973, the company was founded as an unprofitable collection of Texas oil wells for investors seeking tax write-offs. [3]In 1986, the company acquired Spectrum 7 for 200,000 shares from George W. Bush. [3] After the sale of his company, Bush served on the board of directors of the company and received $80,000-$100,000 per year in consulting fees.
The free market dictates the price of every publicly traded company’s stock. All share prices exist at the intersection of what the seller is willing to accept and what the buyer is willing to pay.
The cybersecurity company's stock has risen by nearly 360%, which prompted management to conduct a 2-for-1 stock split on Dec. 16. While a stock split is mostly cosmetic, and doesn't change ...
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.
In November 2018, EQT Corporation split into two companies. Equitrans Midstream, a stand-alone corporation, retained EQT's assets, and remained engaged in the midstream gathering and transportation of natural gas and natural gas liquids. [3] [4] EQT Corporation remained involved only in gas exploration and production. [3]
Broadcom split its stock 10-for-1 on July 15. So this latest run-up has nothing to do with the stock split, only its business results and its outlook. Broadcom is involved in multiple industries ...
In September 2016, the company acquired Yates Petroleum for 26 million shares of common stock valued at $2.3 billion and $37 million in cash. The acquisition increased the company's holdings by 176,000 net acres in the Delaware Basin, 200,000 net acres in the Powder River Basin, and 138,000 net acres on the Northwest Shelf in New Mexico. [21] [22]