Split stock

Split stock

(1) Purchases or sales shared with others. (2) Division of the outstanding shares of a corporation into a large number of shares. Ordinarily, splits must be proposed by directors and approved by shareholders.

Split Stock

1. A stock one owns with at least one other person. See also: Joint property.

2. See: Stock split.
References in periodicals archive ?
EXPLAINING STOCK SPLIT Stock split involves division of equity shares by lowering their face value.
A momentum can be seen in the split stock after the announcement, but it is generally short-lived.
Arundhati Bhattacharya, chairman of State Bank of India, said: 'The decision to split stock will enhance broader investor participation specifically retail participation and increase in demand will enhance P/E Ratio.
1996) found that the post split stock returns for firms that split their stocks are higher than those of a control sample of firms that do not split their stock.
To split stock at such a high ratio as 100-for-one as Livedoor did, was beyond the expectations of the financial authorities.
A common way to accomplish this is to split stock, usually offering two shares in the company's new stock for one share of its old stock; the price of shares then halves.
Hence, Groman and Bashford may be read narrowly as involving a recharacterization of a portion of the split stock consideration as taxable boot.
The trading symbol "D" added to the CNGI symbol designates a post share split stock, the trading symbol will change back to CNGI from CNGID on or near February 16.
A stock split boosts the number of outstanding shares of a company, while lowering the per-share market price of the split stock without any change in the aggregate market value at the time of a split.
The purpose (of splits), apparently, is to bring the market price of the split stock down to the desired range--in the nineteen forties and fifties, $15 to $40 a share.
Files Charter Amendment to Split Stock and Change Corporate Name
ON AUGUST 29, 2005 WHO EITHER SOLD THEIR STOCK OR HAD THEIR STOCK ACQUIRED IN THE 45,000 to 1 REVERSE SPLIT STOCK TRANSACTION APPROVED BY HIA, INC.