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StickyRibbs
on Aug 11, 2020
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Tesla 5-1 Stock Split
Stock splits can also be used for companies with values too low (A reverse split) . These companies split to increase the value of stocks in order to prevent delisting from exchanges.
abfan1127
on Aug 11, 2020
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wouldn't a split lower the value of the share price, making it closer to a "penny stock"?
chrishas35
on Aug 11, 2020
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It's commonly called a reverse split.
jedberg
on Aug 11, 2020
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That's a reverse split. Take the price ie from 10 cents to $1 by doing a 1 for 10 reverse split.
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