Since it takes 3 days for a trade to settle, if I buy SSNC on Tuesday will I be eligible for the split record day on Friday? Do you have to own shares before the record day or can you settle on the record day?
Between having an upcoming split AND being listed at #1 on the IBD100 I think this stock is sure to take off even more. I want in!
Okay, I found my own answer. The record date isn't really meaningful and its just the date at which the company lists the owners of stock to get the split shares. If I buy after the record day then my name won't be on the company's list to get the extra shares but the person I bought them from will and then the extra shares will be passed down to me.