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Key takeaways
A stock split means that a public firm splits a share into several shares
A stock split usually happens when the stock price is too high, and a reverse stock split may be executed when the stock price is too low
A stock split will not change the total stock value and shareholding proportion owned by a shareholder, and the market cap of the company also remains the same. But it will lower the stock price, making the stock more affordable and improving the stock's liquidity
A stock split may cause the stock price to rise, but there is no guarantee. Stock prices of different companies may not perform the same
Understanding a stock split
A relationship can be split, and so can a stock be. A stock split means that a public firm splits a share into several shares.
Why does the company do so? It often happens when the stock price is so high that it may affect many investors' desires to buy shares.
The split ratio can be anything, such as 2-for-1, 3-for-1and 4-for-3. When the split ratio is 2-for-1, one share is split into two shares, and the stock price will be halved simultaneously.
If you have 100 shares for 20 dollars per share, then after the split, you will own 200 shares in total, and the price per share will be10 dollars. Obviously, the total value you own is not changed.
Although the number of shares outstanding increases, the shareholding proportion of each shareholder and the company's market cap remain the same.
One more thing, many price charts will usually make some adjustments after a split to reflect the price trend more clearly. Therefore, we usually can't see a price plunge caused by the split.
In addition, some public firms may execute a reverse stock split when the stock price is too low. They combine several shares into one, and the stock prices are adjusted accordingly.
Effects
What are the effects of stock splits?
It will lower the stock price, which may make the stock more affordable and will possibly enhance the stock's liquidity. The split doesn't cause the stock price to rise directly, but it may reflect that the company is confident about the future.
For these factors, the stock price may rise. But there’s no guarantee. Even if it rises, maybe the price reduction will come soon. So we should treat it rationally.
Example
In August 2020, $Apple(AAPL.US)$ announced a 4-for-1 split after announcing its third-quarter financial statement. The stock price was up by 6% after the news release and in the following month till the split happened it continued to climb by a total 37%. After the split, the price declined by 25% in the next half month.
In 2020, $CSX Corp(CSX.US)$ also executed a stock split. But its stock price showed a different pattern. From the announcement date to the split date, the stock price fell slightly. But after the split, it rallied, slightly.
Another example is $Berkshire Hathaway-A(BRK.A.US)$ which never executes a stock split. According to the book "The Essays of Warren Buffett", Berkshire wants to appeal to investors who wish to be with the company for the long term instead of paying much attention to stock prices.
The information contained herein is for educational purposes only. Nothing discussed should be considered investment advice.
For more investment knowledge and trends, welcome to Courses in the Community.
Key takeaways
主要外卖
A stock split means that a public firm splits a share into several shares
A stock split usually happens when the stock price is too high, and a reverse stock split may be executed when the stock price is too low
A stock split will not change the total stock value and shareholding proportion owned by a shareholder, and the market cap of the company also remains the same. But it will lower the stock price, making the stock more affordable and improving the stock's liquidity
A stock split may cause the stock price to rise, but there is no guarantee. Stock prices of different companies may not perform the same
股票拆分是指上市公司将一股拆分为几股。
股票拆分通常在股价过高时发生,当股价过低时可能会执行反向股票拆分。
股票拆分不会改变股东持有的股票总价值和持股比例,公司市值也保持不变。但这将降低股价,使股票更容易负担得起,并改善股票的流动性
股票拆分可能会导致股价上涨,但不能保证。不同公司的股价表现可能不尽相同
Understanding a stock split
了解股票拆分
A relationship can be split, and so can a stock be. A stock split means that a public firm splits a share into several shares.
关系可以拆分,股票也可以拆分。股票拆分是指上市公司将一股拆分为几股。
Why does the company do so? It often happens when the stock price is so high that it may affect many investors' desires to buy shares.
这家公司为什么要这么做呢?这种情况经常发生在股价过高,可能会影响许多投资者的购股欲望的时候。
The split ratio can be anything, such as 2-for-1, 3-for-1and 4-for-3. When the split ratio is 2-for-1, one share is split into two shares, and the stock price will be halved simultaneously.
分割比率可以是任何值,例如1比2、1比3和4比3。当分拆比例为1比2时,一股被分成两股,股价将同时减半。
If you have 100 shares for 20 dollars per share, then after the split, you will own 200 shares in total, and the price per share will be10 dollars. Obviously, the total value you own is not changed.
如果你以每股20美元的价格持有100股,那么拆分后,你总共将拥有200股,每股价格为10美元。显然,你拥有的总价值没有改变。
Although the number of shares outstanding increases, the shareholding proportion of each shareholder and the company's market cap remain the same.
虽然流通股数量增加,但各股东持股比例和公司市值保持不变。
One more thing, many price charts will usually make some adjustments after a split to reflect the price trend more clearly. Therefore, we usually can't see a price plunge caused by the split.
此外,许多价格图表通常会在拆分后进行一些调整,以更清楚地反映价格走势。因此,我们通常看不到拆分导致的价格暴跌。
In addition, some public firms may execute a reverse stock split when the stock price is too low. They combine several shares into one, and the stock prices are adjusted accordingly.
此外,当股价过低时,一些上市公司可能会执行反向股票拆分。他们将几股合并为一股,股价也会相应调整。
Effects
效应
What are the effects of stock splits?
股票拆分有什么影响?
It will lower the stock price, which may make the stock more affordable and will possibly enhance the stock's liquidity. The split doesn't cause the stock price to rise directly, but it may reflect that the company is confident about the future.
它将降低股票价格,这可能会使股票更容易负担得起,并可能增强股票的流动性。拆分不会导致股价直接上涨,但可能反映出该公司对未来充满信心。
For these factors, the stock price may rise. But there’s no guarantee. Even if it rises, maybe the price reduction will come soon. So we should treat it rationally.
对于这些因素,股价可能会上涨。但这不能保证。即使涨价,或许降价也会很快到来。所以我们应该理性地对待它。
Example
示例
In August 2020, $Apple(AAPL.US)$ announced a 4-for-1 split after announcing its third-quarter financial statement. The stock price was up by 6% after the news release and in the following month till the split happened it continued to climb by a total 37%. After the split, the price declined by 25% in the next half month.
2020年8月,$苹果(AAPL.US)$在公布第三季度财务报表后,宣布了1比4的拆分。新闻发布后,股价上涨了6%,在接下来的一个月里,直到拆分发生,股价总共继续攀升了37%。拆分后,价格在接下来的半个月里下跌了25%。
In 2020, $CSX Corp(CSX.US)$ also executed a stock split. But its stock price showed a different pattern. From the announcement date to the split date, the stock price fell slightly. But after the split, it rallied, slightly.
在2020年,$CSX运输(CSX.US)$还执行了股票拆分。但它的股价表现出了不同的模式。从公告日到拆分日,股价小幅下跌。但在拆分之后,它略有回升。
Another example is $Berkshire Hathaway-A(BRK.A.US)$ which never executes a stock split. According to the book "The Essays of Warren Buffett", Berkshire wants to appeal to investors who wish to be with the company for the long term instead of paying much attention to stock prices.
另一个例子是$伯克希尔哈撒韦-A(BRK.A.US)$它从不执行股票拆分。根据《沃伦·巴菲特随笔》一书,伯克希尔希望吸引那些希望与公司长期合作的投资者,而不是过分关注股价。
The information contained herein is for educational purposes only. Nothing discussed should be considered investment advice.
此处包含的信息仅用于教育目的。任何讨论都不应被视为投资建议。
For more investment knowledge and trends, welcome to Courses in the Community.
欲了解更多投资知识和趋势,欢迎访问课程在社区里。
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
风险及免责提示
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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