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Showing posts with label more may follow Google to $1. Show all posts
Showing posts with label more may follow Google to $1. Show all posts

Friday, October 18, 2013

As stock splits wane, more may follow Google to $1,000

As stock splits wane, more may follow Google to $1,000


with its surge on Friday, Google Inc became the latest member, though not likely the last, of a tiny fraternity of companies that boast USD 1,000 share prices. In a market where stock splits have become rarer, there may be more of this to come than just the two stocks with four-digit stock prices in the Standard & Poor's 500 index - Google and Priceline.com , which hit USD 1,000 earlier this year. Historically, once share prices got too high - even around $125 a share - companies split shares to make them more accessible to Main Street investors. But splits have become few and far between, and big numbers are more the norm for familiar names like Apple Inc

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