The Real Disadvantages of a Stock Split
What a one cent tick costs at each price levelranking ·
2026-10-07 · 7×4
A one cent tick before and after real forward splitstable ·
2026-10-07 · 12×5
NVIDIA traded option strikes across its 2024 splitseries ·
2026-10-07 · 7×4
Share count, per share earnings and revenue across a splitseries ·
2026-10-07 · 7×5
What a one cent tick costs at each price level
What a one cent tick costs at each price level
| price_bucket | tickers_count | median_close_usd | tick_spread_bps |
|---|---|---|---|
| Under $5 | 1241 | 1.75 | 57.143 |
| $5 to $20 | 1567 | 11.1 | 9.009 |
| $20 to $50 | 1603 | 32.12 | 3.113 |
| $50 to $100 | 920 | 69.37 | 1.442 |
| $100 to $250 | 602 | 142.5 | 0.702 |
| $250 to $500 | 203 | 320.51 | 0.312 |
| $500 and up | 66 | 673.3 | 0.149 |
the exact SQL behind every number
WITH monthly AS (
SELECT
ticker,
argMax(toFloat64(close), date) AS last_close,
avg(volume) AS avg_volume,
count() AS sessions
FROM global_markets.stocks_daily_aggs
WHERE date BETWEEN '2026-09-01' AND '2026-09-30'
AND ticker NOT IN ('SPCX')
GROUP BY ticker
HAVING sessions >= 15
AND avg_volume >= 100000
AND last_close > 0
)
SELECT
multiIf(last_close < 5, 'Under $5',
last_close < 20, '$5 to $20',
last_close < 50, '$20 to $50',
last_close < 100, '$50 to $100',
last_close < 250, '$100 to $250',
last_close < 500, '$250 to $500',
'$500 and up') AS price_bucket,
count() AS tickers_count,
round(quantileDeterministic(0.5)(last_close, cityHash64(ticker)), 2) AS median_close_usd,
round(100.0 / quantileDeterministic(0.5)(last_close, cityHash64(ticker)), 3) AS tick_spread_bps
FROM monthly
GROUP BY price_bucket
ORDER BY min(last_close)
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