MLHR has traded as high as $61 3/4, a new all-time high. It has moved up about $7 in the past week. A 2-for-1 split was announced over a week ago, but there's no news since. So what's behind this week's move??
Date of record is 2-27, that is who ownes the stock on that date and the 2 or 1 split will occur on 3-16. No BFD, the price will go down by 50% the next day. The advantage of the split or any stock split is that the lower price invites more players and this drives the price back up.