Stocks and Shares · Equity specialist topics · lesson 1 of 9 · 6 min read · David Alexander
Splits, and what they do to positions and charts
share split
A re-denomination of the share count: a 5-for-1 split turns each share into five, each worth a fifth - same company, same claim, same position value, more pieces. Nothing economic changes at the moment of the split; everything cosmetic does - the price, the chart's history, the option chain's strikes - and the difference between those two sentences is the lesson.
This lesson is part of the advanced modules.
Modules 6 to 8 are included with a paid account. The definitional summary above is the whole of this page until then.