FOUR-LETTER SPLITS: The following is a list of announced stock splits over the past week by
Nasdaq traded companies. Included are the current price and the price at the time the split was
posted on Briefing. BSB Bancorp (BSBN 39 1/2 +1), the stock was trading at 38 1/4 +1 when
Briefing posted news of a 3-for-2 stock split; The DII Group (DIIG 55 3/8 +3/8), trading 52
-3/16, when 2-for-1 stock split posted; Tekelec (TKLC 64 +7/8) closed the day at 54 5/16 -4
15/16, before announcing a 2-for-1 stock split; Advanced Fibre Communications Inc. (AFCI 68
5/8 -19/32), was trading at 69 3/8 ahead of its split announcement, which was announced after the
close of trading; Yahoo! Inc. (YHOO 54 7/8 +1 1/2) also announced its split after the close. Ahead
of the news the stock closed at 48 1/4. Performance Technologies (PTIX 17 7/8 +1/4) was
trading at 17 3/4 +5/8, before news of its 3-for-2 split; National Surgery (NSCI 31 unch) closed
the day at 31 1/2, before its announcement of a 3-for-2 split; Sipex Corp (SIPX 48 +7/16), ended
the day at 47 1/4 before releasing news of a planned 2-for-1 split; Hallwood Consolidated
Resources (HCRC 80 +1), was trading at 71 +1, when Briefing posted news of a 3-for-2 split;
Schultz Sav-O-Stores (SAVO 23 5/8 +5/8), closed at 18 3/8 ahead of its 3-for-2 split
announcement. Maverick Tube Corp. (MAVK 52 3/8 -1/4) was trading at 49 1/4 +1 1/8 when
Briefing posted news of a planned 2-for-1 split. In spite of the volatility created by speculators'
playing of splits, the stocks of 9 of the 11 companies are trading above the pre-split announcement
level, with YHOO +13.7%; TKLC +18%; HCRC +12.7%; and SAVO +29% currently holding
onto the largest gains. |
