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It wasn't a big surprise at all when chemical manufacturer Dow Inc (NYSE:DOW) split off from the organization formerly known as DowDuPont. Announced last year, the massive conglomerate would form ...
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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 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 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.
In fact, Nvidia just completed its most recent stock split in June after the shares soared past $900 earlier in the year -- and then surged past $1,000 after Nvidia's announcement of the split.
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On news of it granting Broadcom its top pick for 2025 status, investors pushed the stock's value up by more than 1% on Friday. Jefferies is the company behind the recommendation; Friday morning ...