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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (33213)10/24/1999 8:42:00 PM
From: TARADO96  Read Replies (1) | Respond to of 41369
 
<But if that's the talk of the day, I'll point out that AOL, like most stocks, tends to split at successively higher levels (up to a point, of course). The mid-90's splits all came below 100, and the more recent splits happened at roughly 130, 150, and 170.>

Kevin:

Thank you for your comments! I think we must distinguish between at what level AOL announce its splits and at what price the actual split took place. By that I mean, before the splits occurred at 130, 150, 170, weren't the splits announcements substantially bellow the aforementioned prices? Here is a table of AOL splits from IR that I believe will backup my argument:

America Online Stock Splits
America Online, Inc. has declared 2-for-1 stock splits six times. Please note that the stock prices listed below are not split-adjusted.


Announcement 01/27/99 closing price: $162
Stock split 02/22/99 closing price: $172 7/8
Post split 02/23/99 closing price: $88 1/8


Announcement 10/27/98 closing price: $120
Stock split 11/17/98 closing price: $150
Post split 11/18/98 closing price: $83 3/4


Announcement 02/10/98 closing price: $111 3/4
Stock split 03/16/98 closing price: $129 9/16
Post-split 03/17/98 closing price: $64


Announcement 10/31/95 closing price: $80
Stock split 11/28/95 closing price: $75
Post-split 11/29/95 closing price: $39 7/8


Announcement 04/03/95 closing price: $76 3/4
Stock split 04/27/95 closing price: $90 3/4
Post-split 04/28/95 closing price: $46 3/8


Announcement 10/28/94 closing price: $68 3/8
Stock split 11/23/94 closing price: $69 3/4
Post-split 11/25/94 closing price: $36 3/4