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AT&T Wireless Services, Inc., formerly part of AT&T Corporation, was a wireless telephone carrier founded in 1987 in the United States, based in Redmond, Washington, and later traded on the New York Stock Exchange under the stock symbol "AWE", as a separate entity from its former parent.
Why companies split their stock. Companies may split their stock for a variety of purposes, but they usually have little to do with the fundamental performance of the business. Mostly a stock is ...
Why Would a Company Split Its Stock? Companies conduct stock splits for two reasons. First, splits make company stock more affordable to everyday investors by reducing the price of an individual ...
The newly merged and renamed AT&T Inc. acquired BellSouth Corporation in 2006, the last independent Baby Bell, making the two companies' joint venture Cingular Wireless (which had itself acquired AT&T Wireless in 2004) a wholly owned subsidiary of AT&T Inc. Cingular was then rebranded as AT&T Mobility. AT&T Inc. also acquired Time Warner in ...
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.
Reverse Stock Split Examples. In 2002, for example, AT&T underwent a 1-5 reverse stock split, boosting its share price to $25. This marked the first time in history that a stock in the Dow Jones ...
However, the merged company took the better-known AT&T name and branding, changing its corporate name to AT&T Inc. to differentiate the company from the former AT&T Corporation. On December 1, 2005, the merged company's New York Stock Exchange ticker symbol was changed from "SBC" to the traditional "T" used by AT&T.
Companies use stock splits to reduce the price of their shares, which can help attract new investors. Reverse stock splits, which increase the price of shares on the market, can help keep a ...