Celsius Holdings Plans Three-for-One Stock Split
Portfolio Pulse from Benzinga Newsdesk
Celsius Holdings has announced a three-for-one stock split. Shareholders on record as of Nov. 13, 2023, will receive two additional shares for each share held. The common stock is expected to trade on a split-adjusted basis from Nov. 15, 2023.
November 02, 2023 | 9:47 pm
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Celsius Holdings' stock split may increase liquidity and make the stock more accessible to small investors, potentially driving up demand and price in the short term.
Stock splits often make shares more affordable to small investors, which can increase demand and drive up the stock price. However, the actual value of the company doesn't change. The increased liquidity can also make the stock more attractive to institutional investors.
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