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What are some of the biggest stocks that have split?

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Notable stock splits include Apple's 7-for-1 share split that the company first announced on April 23, 2014, and Berkshire Hathaway's 50-for-1 Class B stock split on Jan. 1, 2010, explains Investing Daily. Companies that conducted a similar exercise in 2015 include Metabolix, Cynapsus Therapeutics and Banro, explains Ino.com.

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Other companies that split stock in 2015 include Hersha Hospitality, which conducted a 1-for-4 split on June 23, 2015, and Emerald Oil, which had a 1-for-20 split on May 20, 2015, reports Ino.com. Share splits taking effect in the second half of 2015 include Carolina Financial Corporation's 6-for-5 split and Energy Transfer Equity's 2-for-1 split, states Nasdaq.

Companies conduct stock splits for two main reasons, Investing Daily says. First, the intent of the exercise is to boost trading. When a company's stock price rises above certain levels, trading volumes decline and the gap between buying and selling prices becomes increasingly wider; splitting stock may mitigate this problem. In addition, the resulting lower prices may attract a broader range of investors, including those possessing limited funds.

While stock splits do not change a company's overall market capitalization, they may confer other benefits, according to Investing Daily. For instance, results of research conducted by David Ikenberry of Rice University in 1996 showed that firms that had split their shares outperformed their non-splitting counterparts by as much as 16 percent after three years.

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