Usually spits make enough of a change in the stock price to be distinguishable, on its face, from a minute-to-minute short term market movement, but Pfizer's 1054 to 1000 split ratio, of 11/17/2020 was 5.4%, pushing the boundary for a major company. What was the motive for this strange split ratio?
Maybe it should be considered a stock dividend (dividend in shares) instead of a normal split? https://www.accountingcoach.com/blo...lare a,corporation's cash to its stockholders.