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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Junkyardawg who wrote (18969)2/17/2000 6:30:00 PM
From: Alan Smithee  Respond to of 63513
 
I was just about to post to you that it looks as if it's about time for IMNX to split. The last split was 8/27, and the stock closed at 139.25 the day before. Then I noticed the following:

Thursday February 17, 4:40 pm Eastern Time

Immunex board sets 3-for-1 stock split
SEATTLE, Feb 17 (Reuters) - Biopharmaceutical company Immunex Corp. (NasdaqNM:IMNX - news) said on Thursday its board approved a 3-for-1 split of its common stock in the form of a stock dividend.

Under its terms, shareholders of record as of March 6 will receive two additional shares for every share held on or about March 20.

As of Dec. 31, 1999, Immunex had approximately 165 million common shares outstanding. Upon completion of the split, that number will increase to approximately 495 million shares outstanding.

Immunex stock surged 23-1/4 to 194-3/16 a share on Nasdaq on Thursday.

Edit: Just checked Island. Last trade on IMNX: 215.

Yeeee Hawwww!