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As with a stock split, the market capitalization hasn’t changed, so the shares would each be worth twice as much as before the reverse split, or $10 per share. Your pre-split position was $500 ...
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.
Before that split took effect, Palo Alto Networks' stock closed at $548.88 per share. It opened at $183.75 the following day, and eventually doubled to an all-time high of $376.90 on Feb. 9, 2024 ...
Its last stock split was a 2-for-1 affair on Jan. 13, 2000. Costco's stock has seen a total return of 2,450% since then, leaving the S&P 500 (SNPINDEX: ^GSPC) index far behind with a mere 477% ...
The day before, it hit an intra-day high of $500.13 (pre-split price). [5] January 19, 2000: At the height of the Dot-com tech bubble, shares in Yahoo Japan became the first stocks in Japanese history to trade at over ¥100,000,000, reaching a price of 101.4 million yen ($962,140 at that time). [12]
AltaVista: A Web search engine established in 1995. It became one of the most-used early search engines, but lost ground to Google and was purchased by Yahoo! in 2003. Alteon WebSystems: Its shares soared 294% on its first day of trading. Amazon.com: The company's stock fell over 90% across two years, from a high of US$107 to a low of US$7. [2]
NVDA data by YCharts.. Nvidia conducted another 2-for-1 stock split on Sept. 12, 2001. This time, the company's shares fell both ahead of and immediately after the split.
The stock has been a multibagger since the company's last traditional split over 20 years ago.