Distribution Solutions Group's Two-For-One Stock Split Becomes Effective On August 31, 2023
Portfolio Pulse from Benzinga Newsdesk
Distribution Solutions Group (DSGR) has announced that its two-for-one stock split will become effective on August 31, 2023. The shares will begin trading on a split-adjusted basis on the Nasdaq Global Select Market under the existing trading symbol DSGR from September 1, 2023.
August 31, 2023 | 9:38 pm
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POSITIVE IMPACT
DSGR's two-for-one stock split will likely increase the liquidity of the stock and make it more accessible to a broader range of investors. This could potentially lead to increased demand and upward pressure on the stock price.
Stock splits often lead to increased liquidity as the lower price per share makes the stock more accessible to a wider range of investors. This increased demand can put upward pressure on the stock price. However, the actual impact will depend on market conditions and investor sentiment at the time of the split.
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