Alliance Fiber Optic climbs on yesterday's stock split announcement

|About: Alliance Fiber Optic Products, Inc. (AFOP)|By:, SA News Editor

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.