Friday, April 4, 2014

Google (GOOG) Executes a 2:1 Stock Split Creating GOOGL

Google executed a 2:1 stock after the markets closed on Wednesday, 02014.04.02. The owner of n GOOG shares became the owner of n/2 GOOG shares and n/2 GOOGL shares.

This was the first time Google executed a stock split and it resulted in a new class of shares that trade under the symbol GOOGL. The next time Google does a stock split they can append an 'E' to GOOGL and get GOOGLE.

GOOG closed at $1,135.10 on Wednesday, 02014.04.02.

GOOG and GOOGL closed yesterday (Thursday, 02014.04.03) at $569.74 and $571.50, respectively.

1 comment:

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