Stock Split Watch: Is Eli Lilly (LLY) Stock Next?
Shares recently traded at $1,280 each, so a split wouldn't be surprising.
Overview
For aficionados of stock splits, it's an intriguing question: Will Eli Lilly (NYSE: LLY) be the next company to split its stock? It certainly might -- its stock price was recently $1,280 per share. But the honest answer is that no one knows (except, perhaps, Lilly's management).
Eli Lilly has split its stock four times -- twice in the 1980s and twice in the 1990s, with the last split happening in October of 1997, nearly 30 years ago. Let's see whether it might do a split again -- and what it means for investors.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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