Chemung Financial Corp (CHMG) Stock Split History

Chemung Financial Corp has split its stock 2 times since its initial public offering (IPO). The first stock split occurred on May 03, 1988 with the ratio of 3-for-1, meaning that for 1 share of CHMG owned pre-split, shareholders then owned 3 shares. The most recent stock split took place on June 03, 1998 on a 2-for-1 basis.

These actions have increased CHMG stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only change the number of shares and the price per share with no impact on Chemung Financial Corp's total market capitalization.

For more detailed information of Chemung Financial Corp's stock splits, view the table below:

The answer will depend on the decisions of the company's managers and market volatility. Chemung Financial Corp has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when CHMG stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Chemung Financial Corp's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.