Oct 09, 2001
1:15
For every 15 shares held, investors received 1.
The split itself did not change the total investment value.
Argan, Inc. (STU:1AW) operates in the Engineering & construction industry.
Argan, Inc. company overviewArgan, Inc.'s most recent stock split was on October 9, 2001. It was a 1-for-15 reverse split, so shareholders received 1 share for every 15 they held.
Argan, Inc. (STU:1AW) has split its stock 2 times: a 3-for-2 split on March 16, 1989 and a 1-for-15 reverse split on October 9, 2001.
Argan, Inc. has split its stock 2 times. This history records 2 splits between March 16, 1989 and October 9, 2001.
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 Argan, Inc.'s 1-for-15 reverse split on October 9, 2001, every 15 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.
Argan, Inc. has not announced a new split in our records. Its most recent split was on October 9, 2001, 25 years ago. Companies announce splits in advance, and any new STU:1AW split will appear on this page.