Recent Stock Splits (Forward and Reverse)

This page tracks the most recent US stock splits, refreshed weekly from the exchange record. It covers both kinds: a forward split, where a company divides each share into several cheaper ones, and a reverse split, where it consolidates many shares into fewer, higher-priced ones. Both are value-neutral by construction. Your position is worth the same the morning after either. One pattern holds in almost every window, and it is the opposite of what the headlines suggest.

Forward vs reverse splits this month

Household-name forward splits make headlines, so most people assume splitting up is the common case. The record says the reverse.

SELECT
    multiIf(split_from > split_to, 'Reverse split (shares consolidated)', 'Forward split (shares multiplied)') AS kind,
    count() AS splits
FROM global_markets.stocks_splits
WHERE execution_date >= today() - 45 AND execution_date <= today()
  AND ticker != 'SPCX'
  AND (split_to >= 2 * split_from OR split_from >= 2 * split_to)
GROUP BY kind
ORDER BY kind DESC

In the last 45 days, US markets executed 171 reverse splits against 55 forward splits. The reverse split is by far the more common corporate action, and it comes from a different population of companies: a reverse split is usually a move to lift a low share price back over an exchange's $1.00 minimum listing threshold, while a forward split follows a stock that has climbed high enough to want a lower per-share price.

Recent forward stock splits

The companies that split their shares up in the last two months, ETFs set aside:

SELECT ticker,
    formatDateTime(execution_date, '%b %e') AS executed,
    concat(toString(split_to), '-for-', toString(split_from)) AS ratio,
    split_to AS new_shares_per_old
FROM global_markets.stocks_splits
WHERE split_to > split_from AND split_to >= 2 * split_from
  AND execution_date >= today() - 60 AND execution_date <= today()
  AND ticker NOT IN ('SOXL','SOXS','TQQQ','SQQQ','NVDL','NVDS','NVD','TSLL','TSLQ','TSLZ','SPXL','SPXS','UPRO','SPXU','LABU','LABD','FAS','FAZ','TNA','TZA','YINN','YANG','UDOW','SDOW','BOIL','KOLD','UCO','SCO','USD','SSO','SDS','QLD','QID','ERX','ERY','DRN','DRV','CURE','SOXY','MUU','SNXX','UVXY','SVXY','UVIX','SVIX','BULZ','WEBL','WEBS','DPST','DRIP','GUSH','AGQ','ZSL','BITX','ETHU','MSTX','MSTU','CONL','DUST','JNUG','JDST','NUGT','KORU') AND ticker != 'SPCX'
ORDER BY execution_date DESC, split_to DESC
LIMIT 15

The most recent was SFCO, a 21-for-1 split executed Jul 15. Forward splits skew toward stocks that have appreciated, since a company only reaches a high enough price to consider one after a run. What tends to happen next is a separate question with a data-backed answer: across hundreds of forward splits since 2016, the median stock trailed the market in the three months after, so a split is not a buy signal on its own.

Recent reverse stock splits

The other side, and the busier one: reverse splits consolidate shares to raise the quoted price.

SELECT ticker,
    formatDateTime(execution_date, '%b %e') AS executed,
    concat('1-for-', toString(split_from)) AS ratio,
    split_from AS old_shares_per_new
FROM global_markets.stocks_splits
WHERE split_from > split_to AND split_to = 1 AND split_from >= 2
  AND execution_date >= today() - 30 AND execution_date <= today()
  AND ticker != 'SPCX'
ORDER BY execution_date DESC, split_from DESC
LIMIT 15

The most recent reverse split on record was DRIP, a 1-for-10, executed Jul 15. On the morning a reverse split takes effect, the stock opens at a price multiplied by its ratio, so on an unadjusted screener it can look like an enormous overnight jump that no trading produced. The tickers here rarely carry household names. The companies that reach for a reverse split are usually the ones whose price had already fallen to the listing threshold.

Why are there so many reverse splits?

The reverse split is mostly a listing-compliance tool. Both the Nasdaq and the NYSE hold listed stocks to a minimum price, generally $1.00: on the Nasdaq, a closing bid under $1.00 for 30 straight business days starts a deficiency countdown toward delisting. A reverse split raises the quoted price by arithmetic alone, and the filings often say so directly, citing the aim of regaining compliance with the minimum bid requirement. That is why reverse splits cluster in beaten-down small-caps and tend to repeat. A company whose business keeps its price near the floor can need a second reverse split within a year when the first one fails to hold. Forward splits carry the opposite trigger. A board lowers a high per-share price to keep round lots affordable and, in years past, to widen the options market around the stock. The last wave of household-name forward splits ran through 2024; most weeks since, the forward list is shorter and less familiar than the reverse one.

What the ratio means

The notation is written new-for-old. A 10-for-1 forward split turns each old share into 10 new ones and divides the price by 10. A 1-for-10 reverse split runs the other way: 10 old shares become 1 new share, and the price is multiplied by 10. When the first number is larger, the split is forward; when it is smaller, the split runs in reverse. In every case the total value of a position is unchanged. The only direct cash effect is on fractional shares. Hold 45 shares through a 1-for-10 reverse split and the arithmetic leaves 4.5 new shares; most companies pay cash for the half-share rather than issue a fraction, which can create a small taxable sale a holder never placed.

FAQ

What stocks split recently?

The most recent forward split, ETFs aside, was SFCO (21-for-1), and the most recent reverse split was DRIP (1-for-10). The full recent lists, both kinds, are in the tables above and refresh weekly.

Are reverse splits more common than forward splits?

Yes, and by a wide margin. In the last 45 days there were 171 reverse splits against 55 forward ones. Reverse splits have outnumbered forward splits in every year on record.

What is the difference between a forward and reverse stock split?

A forward split multiplies the share count and lowers the price (10-for-1: one share becomes ten). A reverse split does the opposite, consolidating shares and raising the price (1-for-10: ten shares become one). Both leave the total value of a holding unchanged.

Do stocks go up after a stock split?

Not reliably. In a study of hundreds of forward splits since 2016, the median stock lagged the S&P 500 in the three months after the split, in every period measured. The split itself changes the share count and price, not the company's value.

Every panel above is a stored, inspectable query, refreshed each week. Open the SQL under any table to audit it, or pull the split history of any ticker on the Strasmore terminal.