starbucks stock
Saturday, March 6th, 2010
Starbucks stock split?
i got a project to do with starbucks’s stock price. From 1997 to 2007, but during those year they have 3 split occured in 1999, 2001, 2005. Closing each year is Oct 1. So in Oct 1 1997 the stock price is $5.06. and 1998 price is $4.13. But starbucks have 2-for-1 stock splits in March 1999. And i check the Oct 1, 1999 stock price is $5.99.
My question is that mean i own 2 share and each worth $5.99? so total $11.98?
if you have i share at $5.00 and it splits, that means you have 2 shares at $2.50 (still a $5 overall value)
you do not gain money in a split, you gain a number of shares and in the future you will gain more money since you have more shares…
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