Plug Power went public in October 1999 at $15 a share. As of the market close Monday, it was trading for $26.13. However, in 2011, it effected a 10-for-1 reverse stock split to maintain its Nasdaq exchange listing, which management said was important to the health of the company.
Is Plug Power a small cap stock?
"We're pleased that Plug Power was included in the Russell 2000 Index of small-cap companies, further validating our leadership position within the fuel cell sector. ... "Our expectation is that investment managers and institutional investors will hold Plug Power stock as part of their long-term investment strategies."
Is BMO stock going to split?
NEW YORK, March 19, 2021 /PRNewswire/ -- Bank of Montreal (TSX: BMO) (NYSE: BMO) today announced that it will implement a 1-for-10 reverse split of two series of its outstanding exchange traded notes (the "ETNs"), expected to be effective as of March 29, 2021.