Trade Ideas: June 2013 Stock Splits
For some reason, investors like stock splits. Even though stock splits are just a simple change in the accounting unit of a company and don’t change any of the fundamental qualities of the firm, stock splits cause abnormal returns. As behavioral economics teaches, human beings are full of heuristics and do not function as purely rational computers.
|Payable Date||Ex Date||Company||Ticker||Split Ratio|
|21-Jun||24-Jun||First Internet Bancorp||INBK||3-2|