Search results
Results From The WOW.Com Content Network
The company was founded in Rockford, Illinois, in 1870 with Amos W. Woodward's invention of a non compensating mechanical waterwheel governor (U.S. patent No. 103,813). [5] [8] Thirty years later, his son Elmer patented the first successful mechanical compensating governor for hydraulic turbines (U.S. patent No. 583,527). [9]
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 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 splits do the opposite, reducing the number of shares but correspondingly increasing the price; a 1-100 reverse split reduces the number of shares by a factor of 100 and multiplies the ...
Two big stock splits are happening this month. Find out why one is a must-buy and the other is a potential pitfall. ... On that note, the June 2024 stock split calendar includes two household ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Donate
For premium support please call: 800-290-4726 more ways to reach us
For premium support please call: 800-290-4726 more ways to reach us