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The stock has gained 26,920% over the past decade (as of this writing), prompting management to initiate a 10-for-1 stock split earlier this year -- after a 4-for-1 split in 2021.
Image source: Getty Images. First, though, a quick word about stock splits.These operations reduce the per-share price through the issuance of more shares to current holders of a particular stock.
For example, Nvidia's 10-for-1 stock split this year brought the stock price down to about $120 from $1,200. ... So, it's possible to split a stock more than once within a short time span, and ...
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.
Roosenboom and van Dijk (2009) [1] analyze 526 cross-listings from 44 different countries on 8 major stock exchanges and document significant stock price reactions of 1.3% on average for cross-listings on US exchanges, 1.1% on London Stock Exchange, 0.6% on exchanges in continental Europe, and 0.5% on Tokyo Stock Exchange. These findings ...
This has been a year filled with high-profile stock splits. Nvidia's (NASDAQ: NVDA) probably takes the cake, but plenty of other big names attracted attention, like Chipotle Mexican Grill ...
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Image source: Getty Images. 1. Booking Holdings. Booking Holdings (NASDAQ: BKNG) is the biggest online travel agency in the world, and it's never had a stock split in its history, though it did do ...