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Sony announced a 5-for-1 stock split to take effect Oct. 1. Forward stock splits, like Sony's, lower the price of individual shares, making them accessible to a wider pool of investors. This ...
Last month, Japanese conglomerate Sony Group (NYSE: SONY) announced a 5-for-1 stock split. Although stock-split stocks can carry interesting investment prospects, there are some important details ...
Stock splits have suddenly become the rage this year. Electronics giant Sony Group (NYSE: SONY) has thrown its hat into this ring, joining companies such as Nvidia and Chipotle.. Sony announced a ...
In March 2000, its stock reached a price $1,305 per share, but by 2002 the price had declined to $2 a share. [4] Blue Coat Systems (formerly CacheFlow): Its stock price rose over 400% on its first day of trading in November 1999. Boo.com: An online clothing retailer, it spent $188 million in just six months. It filed for bankruptcy in May 2000. [5]
Sony's 5-for-1 stock split is scheduled to occur Oct. 1, while MicroStrategy completed its 10-for-1 split in August. Both companies fall under the camp of tech stocks, but Sony and MicroStrategy ...
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.
Sony Financial Group is a holding company for Sony's financial services business which includes Sony Life (in Japan and the Philippines), Sony Assurance, Sony Bank, etc. The unit proved to be the most profitable of Sony's businesses in FY 2005, earning $1.7 billion in profit. [ 41 ]
Sony is the latest consumer goods company to announce a stock split.