After the performance delivered by the Tiderock Companies Inc (OTCMKTS:TDRK) stock on Wednesday, it emerged as one of the stocks that could be watched by investors quite closely. This morning it may be a good idea for investors to consider keeping an eye on the stock.
Tiderock Companies Announces 4-for-1 Forward Stock Split Has Been Filed with FINRA
First and foremost, it is important to take a look at the big move that was seen on Wednesday when the stock soared by as much as 43%. However, it is perhaps more important to remember that the trading volume in the Tiderock stock had also gone up considerably and had been 98 times the trading volume that had been recorded the previous day.
Tiderock Companies is involved in the real estate development and advisory services space and yesterday the company had come into focus in a big way among investors after the company announced that it had completed a key filing with FINRA.
The filing was with regards to the corporate action notice in relation to a forward share split of its common shares. Tiderock announced that the forward common share split is going to take place on the basis of four units of new common shares for each old common share that is held by investors.
It was a major new announcement from the company and it is going to be interesting to see if the stock comes into focus among investors over the course of the coming days. Perhaps more importantly, it ought to be noted that Tiderock announced yesterday that all shareholders as of February 18, 2022, are going to be entitled to the new shares that are going to be distributed by the company.
Hence, it now remains to be seen if the stock gets a certain degree of traction from among investors today. The company decided to go for this move so that the share structure could be improved and the Tiderock stock became more attractive for investors.
