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Fastenal Company Announces Two-For-One Stock Split

1. Fastenal announced a two-for-one stock split affecting outstanding shares. 2. The amendment increases the number of authorized common stock shares.

Stock Split
+2.38%Current Return
VS
+2.13%S&P 500
$80.1904/23 05:21 PM EDTEvent Start
$82.104/24 11:57 PM EDTLatest Updated
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FAQ

Why Bullish?

Stock splits often indicate company confidence and can encourage more retail investors, similar to past splits by companies like Amazon. Historically, stock splits have led to increased trading volumes and potentially higher stock prices in the aftermath.

How important is it?

The announcement of a stock split is significant as it could attract retail investors and increase liquidity, thereby positively impacting FAST's stock price in the near term.

Why Short Term?

The immediate effect of a stock split can lead to increased trading activity and a potential rise in stock price, as seen recently with other major companies. However, long-term impacts will depend on company performance and market conditions.

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AMZNAAPLTSLA
WINONA, Minn.--(BUSINESS WIRE)--Fastenal Company (Nasdaq:FAST) ('Fastenal', the 'Company', 'we', 'our', or 'us') announced today that its board of directors approved a two-for-one stock split of the Company's outstanding common stock to be effected through an amendment to the Company's Restated Articles of Incorporation (the 'Amendment'). The Amendment will also effect a proportionate increase in the number of shares of authorized common stock. Holders of record of the Company's common stock at.

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