Sep 14, 2016
1:2
For every 2 shares held, investors received 1. The price per share adjusted from $0.55 to $1.09.
The split itself did not change the total investment value.
Leonardo DRS, Inc. (NASDAQ:DRS) operates in the Aerospace & defense industry.
Leonardo DRS, Inc. company overviewLeonardo DRS, Inc.'s most recent stock split was on September 14, 2016. It was a 1-for-2 reverse split, so shareholders received 1 share for every 2 they held.
Leonardo DRS, Inc. (NASDAQ:DRS) has split its stock 5 times: a 2-for-5 reverse split on October 23, 1990, a 1-for-2 reverse split on October 24, 1990, a 2-for-5 reverse split on April 4, 2001, a 1-for-3 reverse split on February 14, 2007, and a 1-for-2 reverse split on September 14, 2016.
Leonardo DRS, Inc. has split its stock 5 times. This history records 5 reverse splits between October 23, 1990 and September 14, 2016.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Leonardo DRS, Inc.'s 1-for-2 reverse split on September 14, 2016, every 2 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Leonardo DRS, Inc. has not announced a new split in our records. Its most recent split was on September 14, 2016, 10 years ago. Companies announce splits in advance, and any new NASDAQ:DRS split will appear on this page.