Here's Why These 14 Companies Did A Stock Split In 2022

A stock split's main purpose is to make a company's shares more appealing to potential investors. By raising the number of outstanding shares, it improves a company's liquidity. Stock splits do not change the market value of a corporation; rather, they are a reassignment of share value by increasing the number of shares.

For example, on Monday, the much-anticipated Amazon.com, Inc. (NASDAQ: AMZN) stock split was completed; shares went from $2,447 on Friday's close to $122 on Monday's open.

Retail investors who had been priced out of the e-commerce behemoth's stock should now be able to purchase full shares and potentially create a trading strategy around it.

A corporation can, on the other hand, reverse split, increasing share value by reducing the number of outstanding shares. A company will normally do this to prevent being delisted from the exchange to which it is assigned or to improve its general image.

Citigroup Inc (NYSE: C) is an example of this: in 2011, during the financial crisis, the business notably executed a 1:10 reverse stock split: shares were valued at $4.52 before the split, and after shares reflected the x10 value of $45.20.

Here are some other notable names that have completed stock splits this year, either by split or reverse split.
SMART Global Holdings Inc. (NASDAQ: SGH) 20:1
ACM Research Inc (NASDAQ: ACMR) 3:1
Empire Petroleum Corporation (NYSE: EP) 1:4
P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) 2:1
Tootsie Roll Industries, Inc. (NYSE: TR) 1.03:1
Enovis Corp (NYSE: ENOV) 1:3
MFA Financial, Inc. (NYSE: MFA) 1:4
Prenetics Global Ltd (NASDAQ: PRE) 1.29:1
A-Mark Precious Metals Inc (NASDAQ: AMRK) 2:1
Brookfield Infrastructure Corp (NYSE: BIPC) 3:2
DexCom, Inc. (NASDAQ: DXCM) 4:1
Invesco Mortgage Capital Inc (NYSE: IVR) 1:10
Kinetik Holdings Inc (NASDAQ: KNTK) 2:1

Photo: Bakhtiar Zein via Shutterstock