Stock splits are usually utilized to place stock in a lower-price trading range.

Name: Stock splits are usually utilized to place stock in a lower-price trading range.
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Stock splits, especially the ones that increase the number of outstanding shares of a company, can help reduce the stock price, making it more attractive to a larger pool of investors. The lower price also enables easier buying and selling, improving the liquidity of the stock.

Stock Splits Are Usually Utilized to Place Stock in a Lower-Price