Shares prices fell into penny stock range, and in order to get their per-share stock prices up above the $1 required to remain listed on the stock market, these companies decided to bundle some shares together to get back over the price limit. Listen to his predictions, Has the pandemic ruined Halloween? Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. A shareholder who owned one share prior to the split will own five shares after the split -- but 500 divided by 5 still equals just 1%. Returns as of 11/04/2020. Tesla disclaims any obligation to update this information. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Updated 2009 GMT (0409 HKT) August 31, 2020. Logically, it's because companies most often split their stock after the price has grown very high, and they want to make it look cheaper, and thus more accessible to investors. This means that Tesla gives four more shares for every share owned now. Various important factors could cause actual results to differ materially, including the risks identified in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q for the quarter ended June 30, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020. Elon Musk, Tesla's CEO, likes to point out (correctly, so far) that analysts have been consistently wrong and that Wall Street keeps raising its earnings forecasts and price targets on the stock. Tesla (NASDAQ: TSLA) stock has officially split and had its trading price adjusted on August 31st, 2020. 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Now, if X decides to split its stock 5-for-1, as Tesla did last month, the number of shares outstanding will quintuple to 500 -- but here's the crucial fact to remember: These shares still represent the same company they did before the split. Over the last 12 months, Tesla earned $368 million). Tesla (NASDAQ:TSLA) jumped on the stock-splitting bandwagon recently. Tesla actually announced its stock split on Aug. 11, promising to give owners of Tesla stock five new shares for each share of the company they already owned. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. But the reason that a stock price gets high in the first place -- high enough that it might want to split -- is because the company is doing really well. Cumulative Growth of a $10,000 Investment in Stock Advisor, After the Tesla Stock Split: 2 "Splits" to Avoid, and 1 to Watch @themotleyfool #stocks $TSLA $TREX $NOG $WLL, Sold Tesla Stock in 2020? Consider a hypothetical company "X" with 100 shares outstanding. Each share of X represents a 1% ownership interest in company X. Two stand out: Whiting Petroleum (NYSE:WLL), which merged every 49.426 of its old shares into one new share on Sep. 2, and Northern Oil and Gas (NYSEMKT:NOG), which will merge 10 shares of stock into one on Sep. 21. Tesla’s stock split explained . Most stock quote data provided by BATS. If, for example, Northern Oil & Gas shares trade for $0.56 each today, then after a "1-for-10" split, new shares of NOG will sell for $5.60 each. Disclaimer. Tesla may also get a further boost if it is finally added to the blue-chip. Tesla's stock jumped as much as 6% in after-hours trading Tuesday after the company announced a five-for-one stock split, set to go into effect on August 31. It's just that ownership of the company has been split into 500 pieces instead of 100 pieces. Why does this happen? But here's the downside to reverse stock splits: Because stock splits don't actually change the business, both Whiting and Northern Oil are likely to continue performing just as badly -- both as businesses and as stocks -- after their reverse split as before! The math here is pretty clear, and yet, according to historical studies of stock splits conducted by the University of Illinois in 1996 and 2003, stocks that "split" tend to outperform the rest of the stock market by 8% in the first year after a split is announced -- and by a total of 12% over the next three years. Are these maneuvers good or bad for investors? Certain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” that are subject to risks and uncertainties. Theoretically, stock splits should be non-events. The tech company has announced that it has split its stock 5-for-1. Did Apple and Tesla Stock Splits Signal the Stock Market Top? (Tesla's sales are up more than 5,000% over the last five years, according to data from S&P Global Market Intelligence). It doesn't make the company grow any faster, either (because it's still the same company, just divided into more pieces). All times are ET. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
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