Stock Splits Lose Popularity Amid Market Rally

Stock splits are losing their allure as pressure eases to hold prices at levels that let individuals amass shares. Ninety-eight S&P 500 companies have surpassed the price at which they last split, according to data compiled by Bloomberg. The median stock is 27 percent higher now than it was then.

Published Aug. 14, 2013

Stock Splits Slow, Bucking Historical Trend

Nine companies have split their stock this year, compared with an average of 42 since 1996. Executives from Apple Inc. to Berkshire Hathaway Inc. say the practice does no good for shareholders and disavow actions to make equities more affordable.

Total number of stock splits by year for S&P 500 companies

S&P 500 Stocks at Record Highs

The average price of S&P 500 stocks rose to $65.96 last quarter, the highest on record. There are 66 companies in the S&P 500 with a stock price over $100, twice the level in 2010, according to data compiled by Bloomberg.

Avg. price of S&P 500 stocks, by quarter

Sources: Standard & Poor’s, data compiled by Bloomberg

GRAPHIC: DAVID INGOLD / BLOOMBERG VISUAL DATA