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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.
In a reverse stock split, your current shares are exchanged for fewer shares. When the split occurs, the share price also changes automatically to reflect the exchange ratio. That is, regardless ...
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 ...
Image source: Getty Images. A stock split is a tool publicly traded companies can utilize to adjust their share prices and outstanding share counts by the same factor. A company's market cap and ...
Pierre S. Du Pont and the making of the modern corporation. Chandler, Alfred D. (1969). Strategy and Structure: Chapters in the History of the American Industrial Enterprise. du Pont, B.G. (1920). E.I. du Pont de Nemours and Company: A History 1802–1902. Boston and New York: Houghton Mifflin Company. Grams, Martin.
The "reverse stock split" appellation is a reference to the more common stock split in which shares are effectively divided to form a larger number of proportionally less valuable shares. New shares are typically issued in a simple ratio, e.g. 1 new share for 2 old shares, 3 for 4, etc. A reverse split is the opposite of a stock split.
A stock split, by offering more shares to current holders, brings down the price of each individual share, something that may be necessary if gains have led a stock to reach very high levels.
The company's CC ticker symbol, is also a play on DuPont's DD symbol; it was also formerly used by the electronics retail Circuit City prior to its bankruptcy in 2009. [9] The spin-off was completed on July 1, 2015, and Chemours' stock began trading on the New York Stock Exchange on the same date. [10]