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Multiple transactions to the same vendor on the same day when the combined total of the orders exceed the Purchasing Card transaction limit of $2,500 is considered splitting purchase transactions. Whether the action is intentional or not, it is a violation of the SC Procurement Code.
This means that each 1 share of stock that was previously priced at over $3,000 per share will be split into 50 pieces, and will consequently be worth around $60 per share. In this case, due to the stock split, the lower share price will not reflect the company's past performance. So before you buy a stock, make sure to not only look at the current share price, but also research its history of stock splits. This will give you a better idea of the company's performance over time. In Conclusion Let's recap.