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Lucent became a "darling" stock of the investment community in the late 1990s, and its split-adjusted spinoff price of $7.56/share rose to a high of $84. Its market capitalization reached a high of $258 billion, and it was at the time the most widely held company with 5.3 million shareholders.
Lucent was a successor of AT&T's Western Electric and a holding company of Bell Labs. In 2014, the Alcatel-Lucent group split into two: Alcatel-Lucent Enterprise, providing enterprise communication services, and Alcatel-Lucent, selling to
In a reverse stock split, ... Similarly, you own the same $1,500 in dollar value that you had before the stock split. Most forward stock splits are 2-for-1 or 3-for-1, though sometimes you might ...
Chipotle completed a 50-for-1 stock split on June 26, which reduced its price per share from $3,283 to $66. Broadcom completed a 10-for-1 stock split on July 12, which reduced its price per share ...
Telecom equipment manufacturer Alcatel-Lucent has had an enviable performance in 2013, with the stock more than tripling as a long-awaited rebound in business conditions finally appears to be ...
At the end of 1999, shares of Lucent stock hit a high of nearly $80. After spinning off Agere Systems, Lucent shares dropped to around $4.50 and later dropped to $0.55 in October 2002. After being spun off, Agere shares were about $4 and dropped to a low of $0.50 in October 2002. Agere started 2000 with 18,000 employees.
Stock splits often result in a bump in the stock’s price, simply because more investors are interested in the stock at the new price than were interested at the old price.
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.