3D printing giant 3D Systems announced plans to split their stock. In the scenario described, owners of 3D Systems stock will receive additional shares. For every two shares owned on February 15th, share owners will receive an additional share. It’s a three-for-two split.
Companies typically split their stock when the value grows significantly. The theory is that the stock is easier to sell when the price is lower. If the price gets too high, then split. That’s what seems to be the case here.
Regardless of the reason, it’s good news for 3D printing and 3D Systems.
Via 3D Systems