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Upcoming and Recent Stock Splits StockExchangeAnnouncement DateTNONNASDAQ2023-11-01AAMCAMEX2023-09-08GEHINYSE2023-10-20BYFCNASDAQN/A70 more rows
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Illinois Tool Works stock (symbol: ITW) underwent a total of 5 stock splits.
A stock split is a decision by a company's board of directors to increase the number of shares outstanding by issuing more shares to current shareholders. For example, in a 2-for-1 stock split, a shareholder receives an additional share for each share held.
A stock split is a decision by a company's board of directors to increase the number of shares outstanding by issuing more shares to current shareholders. For example, in a 2-for-1 stock split, a shareholder receives an additional share for each share held.
A 3-for-1 stock split means that for every one share held by an investor, there will now be three. In other words, the number of outstanding shares in the market will triple. On the other hand, the price per share after the 3-for-1 stock split will be reduced by dividing the old share price by 3.
Stock split decreases the market value of the stocks while increasing the outstanding shares. A 2-for-1 stock split means that 1 outstanding share will be converted to 2 outstanding shares. Hence, the 20,000 outstanding shares will be 40,000 after the stock split. The market value of the shares will be divided into 2.
Stock splits are generally done when the stock price of a company has risen so high that it might become an impediment to new investors. Therefore, a split is often the result of growth or the prospects of future growth, and it's a positive signal.