Woolridge and Chambers (1983) report that stock returns decrease on the announcement dates as well as ex-date of reverse
splits. Spudeck and Moyer (1985) argue that "reverse
splits appear to be better characterized as a strong signal to the marketplace of management's lack of confidence in future stock price increases resulting from earnings improvement." They also show that trading volume declined significantly in the following days after the announcement of the reverse
splits.
(NASDAQ: ABTL) said that its stockholders approved an amendment to effect a reverse
split of the company's common stock, US$0.001 par value per share, and authorized the company's board of directors to determine the ratio and the effective date of the reverse stock
split.
last week announced a two-for-one stock
split effective Aug.
Stock
splits have mystified the researchers in finance for long time.
"The proposed move will have an impact on the minds of average investors, who otherwise are waiting in the fringes," an analyst with a leading bank brokerage house said about the stock
splits so far announced in the local bourse.
KB Securities analyst Kim Min-gyu came out with his statistics showing that over the last 17 years, there were 667 cases of stock
splits and the prices rose an average of 3.78 percent on the day of their announcements.
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Split NSF by Folder
splits NSF file and creates individual NSF files for each folder of the NSF file.
Stock
splits increase affordability and liquidity but have no impact on future returns
Summary: Stock
splits increase affordability and liquidity but have no impact on future returns.
M2 EQUITYBITES-July 15, 2013-Anthera Pharmaceuticals reverse
splits stock in 1-for-8 ratio(C)2013 M2 COMMUNICATIONS http://www.m2.com