These are the upcoming stock splits for the week of September 9 to September 13, based on TipRanks’ Stock Splits Calendar. A stock split is a corporate action in which the company issues additional common shares to increase the number of outstanding shares. Accordingly, the stock price of the company’s shares decreases, which maintains the market capitalization before and after the split. In contrast, there are also reverse stock splits that reduce the number of outstanding shares (consolidate). In this case, too, the market cap is maintained as the share price increases following the reverse stock split.
Companies often undertake stock splits to improve the liquidity of the common shares and make them more affordable for retail investors. Let’s look quickly at the upcoming stock splits for the week.
Tetra Tech (TTEK) – Tetra Tech provides consulting and engineering solutions for water, environment, and sustainable infrastructure projects worldwide. On July 29, TTEK’s board approved a five-for-one stock split of the company’s common stock. The split was undertaken to improve the stock’s liquidity and make it more accessible to investors. Shares will start trading on a split-adjusted basis on September 9.
These are the upcoming stock splits for the week of September 9 to September 13, based on TipRanks’ Stock Splits Calendar. A stock split is a corporate action in which the company issues additional common shares to increase the number of outstanding shares. Accordingly, the stock price of the company’s shares decreases, which maintains the market capitalization before and after the split. In contrast, there are also reverse stock splits that reduce the number of outstanding shares (consolidate). In this case, too, the market cap is maintained as the share price increases following the reverse stock split.
Companies often undertake stock splits to improve the liquidity of the common shares and make them more affordable for retail investors. Let’s look quickly at the upcoming stock splits for the week.
Cintas Corp. (CTAS) – Cintas manufactures and sells a range of services and products, including uniforms, mats, mops, cleaning supplies, first aid products, fire extinguishers and testing, and safety courses. On May 4, Cintas’ board approved a four-for-one stock split of its common shares to make them more accessible. Shares will start trading on a split-adjusted basis on September 12.
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