Pfizer's strange 1054 for 1000 split ratio

Discussion in 'Stocks' started by jabowery, Mar 10, 2021.

  1. jabowery

    jabowery

    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?
     
  2. Gtrade

    Gtrade

    Result from spin off of Viatris stock.
     
    Lou Friedman and jabowery like this.