After a 16,831% surge in stock price to four digits, Booking (BKNG.US) announces a 1:25 stock split following impressive earnings report.
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Booking Holdings (BKNG.US) shares closed at $4,269.99 per share on Wednesday. The company announced that its board of directors has approved a 1-for-25 stock split, meaning investors will receive 25 new shares for every 1 share they hold—a measure often taken by high-growth companies to ensure their stock does not appear too expensive to investors.
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