Amphenol Approves 2-For-1 Stock Split, Expects The Additional Shares Will Be Distributed On June 11, 2024
Portfolio Pulse from Benzinga Newsdesk
Amphenol Corporation has approved a 2-for-1 stock split, effectively doubling the number of shares outstanding while halving the stock price.
May 20, 2024 | 8:15 pm
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Amphenol Corporation has approved a 2-for-1 stock split, which will double the number of shares outstanding and halve the stock price. This move is generally seen as a positive signal, making the stock more accessible to a broader range of investors.
Stock splits are often perceived positively as they make shares more affordable for retail investors, potentially increasing demand. This can lead to a short-term price increase due to higher trading volumes and broader investor participation.
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