Is a Sandisk Stock Split Coming?
A split would matter to Sandisk's shot at one well-known index and to options traders -- and not at all to what the business is worth.
Overview
Sandisk (NASDAQ:SNDK) closed Monday at $1,551.99. Over the past year, the flash-memory specialist's stock has traded as low as $85.12 -- and as high as $2,354.39.
A price that has multiplied like that has investors wondering about a stock split.
Details
To be clear, Sandisk hasn't announced one, and management hasn't publicly raised the idea. But the mechanics are worth laying out anyway, because most of what investors assume a split would change, it wouldn't.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.