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Split

Sometimes companies split their outstanding shares into more shares. If a company with 1 million shares executes a two-for-one split, the company would have 2 million shares. An investor with 100 shares before the split would hold 200 shares after the split. The investor's percentage of equity in the company remains the same, and the share price of the stock owned is one-half the price of the stock on the day prior to the split.

Split

The act of a publicly-traded company increasing the number of outstanding shares, while maintaining the same market capitalization. In other words, a company engages in a stock split in order to decrease its share price by increasing the number of shares available. Current holders of the stock are given more shares so that they maintain the same percentage of ownership in the company. For example, a company with a share price of $400 may double the number of shares so that the share price drops to $200. Companies conduct stock splits for a number of reasons; one possible reason is to keep its shares affordable. See also: Last Split, Split Ratio, Split Adjusted.

split

A proportionate increase in the number of shares of outstanding stock without a corresponding increase in assets or in funds available, as would be the case in a new stock offering or in an acquisition that uses stock as payment. Essentially, a firm splits its stock to reduce the market price and make the shares attractive to a larger pool of investors, although it is questionable if the firm's stockholders actually benefit from a split because share prices are reduced proportionately with the increase in shares outstanding. A 4-for-1 split would result in an owner of 100 shares receiving 300 additional shares, or an after-split total of 4 shares for every 1 share owned before the split. Also called split up, stock split. Compare reverse stock split.
Case Study In April 1996, directors of the Coca-Cola Company approved a 2-for-1 split, the firm's fourth stock split in a decade. The announcement stated that trading in the split shares would begin on May 13, approximately a month after the split was announced. Shares of the firm's common stock fell by $1.25 with the announcement. Shareholders of Coca-Cola could expect that the stock price would decrease by half when the securities commenced trading on a post-split basis. A stock split results in additional shares of ownership without a corresponding change in total income or assets. All per-share financial statistics decline in proportion to the size of the split. Thus, a 2-for-1 split results in twice the outstanding shares, each with half the book value and half the earnings as prior to the split. In general, stock splits create more paper but not more value for shareholders, because the market value of the stock can be expected to fall in proportion to the size of the split. A stock trading at $60 per share just prior to a 4-for-1 split should trade at approximately $15 per share following the split. Academic research investigating how or when investors can profitably invest in stock split situations offers mixed results. Some research indicates that trading stock just prior to a split may create unusual profit opportunities. One well-known study finds that unusual returns can be earned in the days before and after the announcement, but not on the date of the actual split. Other research indicates investors will earn unusually low returns by investing in stock in the year or two following a split. This variability of results means the individual investors cannot expect to earn unusual profits by purchasing a stock just prior to or following a split. By the time a split occurs, any unusual profit opportunity has already passed.
References in periodicals archive ?
(1) Department of Gastroenterology and Hepatology, Division of Endoscopic and Ultrasound Investigation; (2) Department of Cardiology; (3) Department of Ophtalmology; and (4)Department of Neurology, Clinical Hospital Split, Split, Croatia
MSC MUSICA 23rd APRIL 2019 27 Nights PRICE FROM PS2,299pp ITINERARY: Fly UK to Durban overnight 2nt stay including full day Game Reserve Safari with Lunch at Hululwhe Board MSC Musica for 24nt cruise Pointe Des Galets, Reunion Port Louis, Mauritius Port Victoria, Seychelles overnight Aqaba, Jordan Transit Suez Canal Katakolon, Greece Kotor, Montenegro Split, Croatia Venice, disembark transfer to airport Fly back to UK
Sailing from Southampton on November 22, Saga Pearl II's 11-night Homecoming Cruise calls at Lisbon; Cartagena, Spain; Palma, Majorca;Valletta, Malta; Split, Croatia; and Venice for a three-night stay.
of Split, Croatia) writes for graduate and undergraduate students of mechanical engineering and for professionals engaged in the manufacture of gears and gear drives.
"However, by demonstrating how such situations should be handled - by uniting ourselves around this problems and taking a prompt action - we have shown that we are not going to relent to anyone trying to change our identity in such a way and to take away what we have inherited from our ancestors and what we should keep for the future generations We are going to act in a similar way to any other similar attempt and we are going to keep our identity," President Ivanov said in Split, Croatia.
The Continental Cup will be taking place in Split, Croatia on September 4 and 5.
The voyage visits Athens, Santorini, Crete and Patmos, Greece; Kusadasi, Turkey; Kotor, Montenegro; Split, Croatia; and Venice, Italy.
Scottish javelin recordholder James Campbell is targeting the Olympic qualifying standard of 81.80metres at this weekend's European Winter Throws Challenge in Split, Croatia.
of Split, Croatia) of this work also discuss the GB-IBEM method, but extend the material by explaining how to conduct such modeling using the TWiNS (Thin Wire Numerical Server) software included on the accompanying CD-ROM.
The carrier, which flies from Copenhagen, Denmark and Stockholm, Sweden, will launch services to Inverness, Scotland; Palma de Mallorca, Spain, Split, Croatia; Valletta, Malta; Venice, Italy; and Lisbon, Portugal.
* University Hospital and School of Medicine Split, Split, Croatia; and ([dagger]) University of Siena, Siena, Italy