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The company has split its stock twice in the last five years: a 4-for-1 split in 2021 followed by a 10-for-1 split in June of this year, bringing its share price to a more affordable $118.
The second stock-split stock that at least one prominent billionaire fancies ahead of the new year is customizable rack server and storage-solutions company Super Micro Computer (NASDAQ: SMCI).
Stock splits often serve as a catalyst for stocks. Its revenue of $8.5 billion for the first three quarters of 2024 rose 15% from year-ago levels, including a 13% yearly increase for the third ...
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.
Stock splits have swept the market in recent years as nearly every "Magnificent Seven" stock has split its shares, as well as a number of other high-profile stocks like Shopify and Walmart. Stock ...
For example, a 10-for-1 stock split would increase a company's share count tenfold, and reduce its price-per-share to one-tenth of what it was previously. Nvidia completed a 10-for-1 split on June ...
On April 3, 2009, Exar Corporation closed the acquisition of hi/fn, inc., a transaction which included stock and about US$67 million in cash. [4] [5] [6] On August 3, 2011, Exar Corporation rang the opening bell at the NASDAQ MarketSite in New York. In honor of the occasion, Pete Rodriguez, President & Chief Executive Officer, rang the Opening ...