- The market pushed Alliance Fiber Optic (AFOP +8.3%) shares up today after the company announced yesterday that it will carry out a 2-for-1 stock split.
- The split will have no material effect on the company's future economic prospects or market capitalization. Investors were enthused by management's move nonetheless.
Alliance Fiber Optic climbs on yesterday's stock split announcement
Aug 16 2013, 17:55 ET