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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.
The current AT&T Inc. claims the original AT&T Corporation's history (dating to 1877) as its own, [38] but retains SBC's pre-2005 corporate structure and stock price history. As well, all SEC filings before 2005 are under SBC, not AT&T. AT&T made an attempt in 2011 to purchase T-Mobile for a $39 billion stock and cash offer. [39]
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.
The stock has gained roughly 768% over the past decade and 23% over the past year, as of this writing, which prompted a 2-for-1 forward stock split, completed just this month.
The stock climbed roughly 6% to end the trading day. Shares of Silvergate Capital Corporation ( SI ), which soared as much as than 90% on elevated trading volume, closing the day up 52%. Alexandra ...
A corporation can adjust its stock price by a stock split, substituting a quantity of shares at one price for a different number of shares at an adjusted price where the value of shares x price remains equivalent. (For example, 500 shares at $32 may become 1000 shares at $16.) Many major firms like to keep their price in the $25 to $75 price range.