Off course every stock you buy it has to split. I think your brain is being split too. If you understand teh reason behind this price jump. You never talk about split. It is like a poison bill against any hostile take over. The management people do not want to be unemployed after the new buyer kicks their ass out. I think the earnings are coming on Monday and this stock will drop atlesat $10
A majority of companies will do a stock split, but not all companies believe in this action--Warren has stated many times over that he will not split simply to lower the price of his stock in an effort to allow smaller investors to purchase A shares of the company--this is why B shares were eventually created at 1/10 of the value.
Also a stock split has -0- impact to any possible takeover plan....it can be $150 today and $75 tomorrow with double the shares, but total amount it takes to buy the company remains unchanged.
Other actions are really necessary if Posco wants to avoid any takeover...#1 is to produce outstanding results to keep stockholders happy--a happy stockholder is one that will not vote to sell theie shares #2 is to form very tight relationships with other companies, and while this can be described under potential "poison pill" plans, it is difficult for stockholders to accept as all it does is reward management for doing nothing!
Posco is certainly a viable company to be purchased as it has key connections for the future. PTE ratio will certainly unfold after the bell rings today.
How about a little bit better usage of language? Makes one actually believe that those who post actually have something meaningful to say instead of spewing garbage.